1222 E 78th St - Apartments FOR SALE


Los Angeles, CA 90001- Florence-Graham
$1,990,000 USD
310-903-0222
1222 E 78th St, Los Angeles, CA for Sale
$1,990,000 USD
Apartments - FOR SALE
1/4
null | 7.37% Cap Rate

1222 E 78th St
Los Angeles, CA 90001
Florence-Graham


OVERVIEW

12-unit property with 11 studios and 1 one bedroom apartment. All units have their own bathrooms and full kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation has just been completed which includes complete plumbing re-pipe, electrical re-wire with all brand new equipment and separate metering, HVAC systems, and new finishes. The project is pending the meters to be installed by Edison to obtain final status. This was previously an 8-unit motel that has now been converted to a 12-unit apartments community.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$663 USD /SF

# OF UNITS

12

PRICE/UNIT

$165,833

CAP RATE

7.37%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

M1

APN/PARCEL ID

6024-017-056

ASK ABOUT THIS PROPERTY

Logan AltmanAltman Apartments LLCMore Info
310-903-0222

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Logan AltmanAltman Apartments LLCMore Info
310-903-0222

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