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$ 850,000
Est. payment | /mo
5,044 SqFt
$ 850,000
Est. payment | /mo
5,044 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,044 sqft
Price per Sqft $168
MLS Listing ID CL26853639
HOA Y/N No
Year Built 1955
Lot Size 7,500 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
Value-Add 5-Unit Multifamily Investment Near Downtown Los Angeles. Excellent opportunity to acquire a value-add 5-unit apartment building located just minutes from Downtown Los Angeles. This income-producing asset features a desirable unit mix consisting of four (4) spacious 3-bedroom, 1-bath units and one (1) oversized 5-bedroom, 2-bath unit, offering strong appeal to tenants seeking larger living spaces. The property is currently generating actual rental income with a Gross Operating Income (GOI) of $108,513, a GRM of 7.8, and a 6.9% CAP rate based on current operations. Annual operating expenses total $49,831. While the property requires repairs and improvements, it presents an outstanding value-add opportunity for investors looking to enhance the asset through renovations, operational efficiencies, and long-term appreciation. The large unit configuration and proximity to Downtown Los Angeles provide a solid foundation for future upside. Submit offers subject to inspection. Do not disturb occupants.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5128023031
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Listed by Melissa Urena • Real Broker
NEARBY SCHOOLS & PROPERTIES
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