Listed by Janet Neman, Kidder Mathews of California, Inc.,

1136 W 6th Street

Los Angeles, CA, 90017

$19,000,000

$420 per ft²
$19,000,000
$420 per ft²
Active
Active
 - For Sale
beds
52 Beds
baths
53 Baths
carpenters-square
45,138 ft²
property_type
Multi-family
calendar
Built 1923
Rare opportunity to acquire The Mint, a 42-unit luxury-boutique apartment community, not subject to Los Angeles city rent control, located in the highly desirable City West neighborhood of DTLA. The Property underwent an expansive renovation in 2016, costing over $12 million. The renovation includes expansive system upgrades such as electrical, plumbing, roof, elevator, and new windows along with extensive foundation, seismic retrofit work, and structural upgrades. The Property is equipped with numerous amenities including a fitness center, a rooftop terrace with sweeping city views and a grill, a business center, a game room, lounges, key-fob controlled access, and more. The Property features a strong unit mix of spacious and beautifully designed units including (8) studios, (16) 1+1, (7) 2+1 and (11) 2+2 units. interiors include 9' to 10' ceilings heights, open floor plans, in-unit washer and dryers, in-unit security systems, central air conditioning, and more. All units include luxury finishes, stainless steel appliances, beautifully designed kitchens and bathrooms, stone countertops and tile backsplashes, and exposed concrete walls and polished concrete floors. Additionally, the Property has potential to qualify for tax abatements under the Mills Act, which will reduce the overall annual tax burden. The Property boasts a 95 out of 100 Walk Score "A Walker's Paradise" and a 99 out of 100 Transit Score "A Rider's Paradise." Tenants are in an amenity rich location and are conveniently within walking distance to an array of critically acclaimed restaurants, trendy bars and nightlife, shops, and entertainment venues. Also, the Property is centrally located 5 blocks from the Downtown Financial District, one of Los Angeles' most dominant employment hubs, and tenants. The Mint represents a rare opportunity for an investor to acquire a turnkey, fully renovated boutique apartment community in one of the strongest and most vibrant markets in Los Angeles.
MLS® ID:
23233291
Listed:
1/16/23
Updated:
1/29/23

Interior Features

Kitchen Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Total Bedrooms
52
Total Bathrooms
53
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
10,751 ft² lot

Other Property Details

Area Name
C42 - Downtown L.A.
Garage
No
Parking
Gated
Parking Total
42.0
View
N
County
Los Angeles
Pool
No
Total Stories
9
Zoning
LACW
Buyer Agency Compensation
0.750

Listed by Kidder Mathews of California, Inc., Janet Neman,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 1/29/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 3:56 PM UTC, 1/29/23

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