Property Description

Lucrum Real Estate Group is proud to present The Lofts, a high-income producing mixed-use 16u + 5 retail investment opportunity located at 2195 Whittier Blvd. in Los Angeles, California. This rare opportunity is comprised of 16 apartment units on the 2nd and 3rd floor as well as five retail storefronts on the first floor in addition to a basement level in one distinct three-story building inspired by the famous Flatiron Building in New York City.

The building was constructed in 1916 totaling ±15,244 building sf and highly renovated in 2020 situated on one lot totaling ±6,267 sf. Zoning is LAC2. The apartment units are currently master-metered for utilities with a RUBS program in place offering an excellent opportunity for an investor to continue capitalizing on this over time and increase the NOI.

Select units have exposed brick and beautiful views of DTLA and The 6th St Bridge. The Lofts offer a diverse unit mix consisting of (7) loft-style studios + one-bath & (9) one-bedroom + one-bath units. Many of the units have been highly renovated, offering exposed brick walls, and newly installed picture windows with natural light. From the fully remodeled kitchens and baths to the recessed lights and sliding barn doors, no corner was left untouched and the attention to detail is unmatched, creating a waiting list of prospective tenants.

Though a lot of the heavy lifting has been completed, the property still offers immense room for growth through further capital improvements, restructuring of retail leases, and capitalizing further on market rents.

(7) Studio + One-Bath
(9) One-Bedroom + One-Bath
(5) Retail Store-Fronts

Boyle Heights benefits from being centrally located near DTLA and The Arts District in Los Angeles. The Arts District is a vibrant and dynamic neighborhood located just east of Downtown LA. Originally an industrial area, the Arts District has undergone a remarkable transformation in recent years, evolving into a thriving hub for arts, culture, entertainment, and innovation. Today, it stands as one of the city’s most exciting and sought-after destinations, attracting artists, creatives, entrepreneurs, and residents alike.

The Arts District has experienced significant growth and development in recent years, fueled by its unique blend of historic charm and modern amenities. Former warehouses and industrial buildings have been repurposed into galleries, studios, restaurants, boutiques, and residential lofts, contributing to the neighborhood’s eclectic character. The influx of investment and redevelopment projects has revitalized the area, creating a vibrant and bustling community.

At the heart of the Arts District is a thriving arts and culture scene that celebrates creativity in all its forms. The neighborhood is home to numerous art galleries, studios, and exhibition spaces showcasing the work of local and international artists. Street art adorns many buildings and alleyways, adding to the neighborhood’s colorful and eclectic atmosphere. The Arts District also hosts regular art walks, cultural events, and festivals that bring together residents and visitors to celebrate creativity and expression.

The Arts District offers a diverse array of entertainment options, from live music venues and theaters to trendy bars and breweries. Residents and visitors can enjoy performances, screenings, and events at venues like the Hauser & Wirth Gallery and the historic Palace Theatre. The neighborhood’s dining scene is equally eclectic, with a wide range of restaurants, cafes, food trucks, and artisanal eateries offering everything from gourmet cuisine to casual fare. From farm-to-table dining experiences to international flavors, the Arts District has something to satisfy every palate.

In summary, the building’s location and tenants benefit from its central location, public transportation, freeway system, and strong job market!

Property Highlights

+ Rare Boyle Heights mixed-use opportunity with curb appeal & excellent income
+ Highly renovated and spacious units with diverse floor plans
+ Comprised of 16 units + 5 ground-floor retail spaces
+ Select units with views of DTLA Skyline & The 6th Street Bridge
+ RUBS program in place for utilities
+ Highly trafficked signalized corner off Whittier Blvd. & Boyle Ave.