1035 S Woods Ave - Multi-Family FOR SALE


East Los Angeles, CA 90022
$2,795,000 USD
310-730-9489
1035 S Woods Ave, East Los Angeles, CA for Sale
$2,795,000 USD
Multi-Family - FOR SALE
1/11
null | 6.84% Cap Rate

1035 S Woods Ave
East Los Angeles, CA 90022


HIGHLIGHTS

  • NO RENT CONTROL
  • ALL SEPERATE UTILITES
  • NEW CONSTRUCTION

OVERVIEW

WOW New Construction apartment building desirable area of East LA. This property sits in the border line of Commerce, South Montebello, and only walking distance from the popular and famous Citadel outlets. Conveniently close to major transits, this property sits adjacent to 5 FWY, 710 FWY, 60 FWY, 101 FWY, 10 FWY, and only 10 min away from Downtown Fashion District. Great 92 walk score, 59 transit score, and 59 bike score. Investors get to enjoy a nice cash flow off this asset with a pro-forma of $255,600 in annual gross rents. Amazing est. 6.8% CAP rate and a 10.9X GRM. Property has total of 21 bedrooms and 22 baths (2 en-suites per unit). The unit breakdown consists of: 3 buildings (SFR and 2 duplexes). Four units consist of 4/4 and 1 unit that is 5/4. All tenants have parking space. Property comes with 7 car garages (potential added play to add ADUs)and long driveway to accommodate all tenants. This asset has all the modern touches in today’s market such as laminate flooring recessed lighting, central AC and heating, washroom, PAID OFF solar systems, and very low expenses for landlords. All units have separate utilities including water meters. Nearby retailers and businesses include US Postal Office, Bank of America, Pollo Loco, Starbuck, Target, LA Community Hospital, The Commerce Casino, and many more. Come check it out before is gone!

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

5

PRICE/UNIT

$559,000

CAP RATE

6.84%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units - SFR + 2 Duplexes

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

R3

APN/PARCEL ID

5245-011-008

ASK ABOUT THIS PROPERTY

Daniel TerrazasVIP RE FirmMore Info
310-730-9489

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Daniel TerrazasVIP RE FirmMore Info
310-730-9489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.