Equity Pacific is pleased to announce the sale of the 20-Unit Ladd’s Addition Apartments for $2,250,000 to a local investor fulfilling an exchange. Located along SE 12th Avenue between Hawthorne and Division, this vintage 3-story stucco walk-up features 17 Studios, two 1BRs and one very large 2BR/1BA manager’s unit. Period details and finishes from built-in ice cabinets outside the units to the wide stairwells to the original cornice at the roof highlight the pride of ownership quality of the building.
With many recent improvements, the Ladd’s Addition Apartments presents an outstanding repositioning opportunity in a high demand close-in SE Portland neighborhood. The new owners will modernize the building and intend to hold on to it for the long term.
Jason Waxberg represented both parties to the transaction.
2014 SE 12th Avenue | Portland, Oregon 97214