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 all studios. 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 is underway which includes complete plumbing re-pipe, electrical re-wire with all brand new equipment and separate metering, HVAC systems, and new finishes. 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 Policy.