1314 Sutherland St - Apartments FOR SALE
Los Angeles, CA 90026 |
1314 Sutherland St
Los Angeles, CA 90026
HIGHLIGHTS
- Phenomenal Echo Park Location, Situated North of Sunset Blvd and Near Dodgers Stadium
- Value-Add Opportunity: Over 48% rental upside (11.38% market cap rate) and Two (2) Units Delivered Vacant
- Cash Flowing Asset: Strong Cash Flow Day 1 with Immediate Upside Potential
- Attractive Basis: Just $124k/unit and $213psf, This is the Cheapest PPU and PPSF in the 90026 Zip
- On-Site Laundry Facility Currently Leased with WASH Company
- New Ownership Can Benefit from Implementing More Efficient Systems to Reduce Expense Burden and Grow NOI Before Any Rent Increases
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Sutherland Echo Park | 6.26% Cap, 8.49 GRM
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9336
STORIES
3
YEAR BUILT
1927
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5406-010-044
