1118 S Lake - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$1,230,000 USD
310-621-8221
1118 S Lake, Los Angeles, CA for Sale
$1,230,000 USD
Apartments - FOR SALE
1/12
null | 4.29% Cap Rate

1118 S Lake
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • Low Cost Per Unit of $153,750 & $218 Per Sq. Ft.
  • Perfect Unit Mix of One and Two Bedroom Apartments
  • Street to Alley Lot- Rear Garages With ADU Potential
  • Extremely Low Rents Provide Massive Rental Upside

OVERVIEW

1118 S Lake Street is a 5,648 square foot apartment community constructed in 1956. Situated in the Westlake neighborhood of Los Angeles, the property has a combined unit mix consisting of (6) One-Bedroom/One-Bath units and (2) Two-Bedroom/One-Bath units, totaling an average of 700 square feet each.

FOR SALE DETAILS

PRICE

$1,230,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

8

PRICE/UNIT

$153,750

CAP RATE

4.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,571 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5136-018-004

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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