129 S Townsend Ave - Multi-Family FOR SALE


Los Angeles, CA 90063- East Los Angeles
$910,000 USD
323-395-6485
129 S Townsend Ave, Los Angeles, CA for Sale
$910,000 USD
Multi-Family - FOR SALE
1/5
null | 6.9% Cap Rate

129 S Townsend Ave
Los Angeles, CA 90063
East Los Angeles


HIGHLIGHTS

  • LCR2 ZONED
  • 7 BED, 4 BATH, DUPLEX
  • HIGH DEMAND EAST LOS ANGELES CORRIDOR NEAR DTLA.

OVERVIEW

INVESTMENT OPPORTUNITY! Exceptional LCR2 ZONED Duplex located in a high-demand East Los Angeles corridor near DTLA. This substantial 2,382 square foot income property sits on an oversized 6,775 square foot lot, maximizing land value. IMMEDIATE CASH FLOW is secured by the rear 4BR/2BA unit which is currently tenant-occupied. SIGNIFICANT VALUE-ADD POTENTIAL exists with the front 3BR/2BA unit, which is VACANT and rent-ready for immediate lease-up at market rates. This is a rare chance to acquire significant square footage and land in a rapidly appreciating market. Showings are strictly by appointment only. DO NOT DISTURB OCCUPANTS. Property sold AS-IS.

FOR SALE DETAILS

PRICE

$910,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

2

PRICE/UNIT

$455,000

CAP RATE

6.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townsend Duplex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LCR2

APN/PARCEL ID

5232-017-008

ASK ABOUT THIS PROPERTY

Coral RomeroGood Opportunity homes & investmentsMore Info
323-395-6485

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Coral RomeroGood Opportunity homes & investmentsMore Info
323-395-6485

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