1723-1725 W 52nd St - Apartments FOR SALE


Los Angeles, CA 90062- South Central LA
$899,000 USD
310-710-1018
1723-1725 W 52nd St, Los Angeles, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/14
null | 7.8% Cap Rate

1723-1725 W 52nd St
Los Angeles, CA 90062
South Central LA


HIGHLIGHTS

  • Strong cash flow from current tenants at a 7.80% cap rate.
  • Duplex with converted garage will become a 5-unit building once 3 ADU registrations are completed*
  • 3 vacant units (2 studios, one 2+1) for a new owner to renovate and/or choose their own tenants.
  • Property can be delivered fully vacant.
  • High development potential for a +/- 5,460 SF lot zoned R2 near USC and Downtown Los Angeles.

OVERVIEW

Located at 1723-1725 W 52nd Street in the rapidly evolving neighborhood of South Los Angeles, this cash-flowing duplex with a converted garage offers an existing 7.80% cap rate and 8.86 GRM. The building’s current configuration generates strong rents, as the previous owner added 5 bathrooms, kitchenettes, and exterior entrances to the front building and detached garage. Priced to sell as a duplex, a new owner will benefit from a property with 5 legal units and additional square footage once the ADU registrations are completed. The current owner is in the process of registering 3 additional units for a total of 5 units. A junior ADU will be attached to the back of the original duplex building. The former garage will become 2 detached ADUs. Each unit can enjoy its own assigned parking space at the front of the property. Currently, the property has 4 units rented as studios. There are 2 vacant studio units and 1 vacant 2-bedroom, 1-bathroom unit. The property can be delivered vacant, allowing a new owner to renovate the vacant units or rent them out in their current condition. This blended strategy is ideal for the savvy investor looking to capitalize on strong cash from day one as well as potentially add value through renovated units, legalizing non-conforming square footage, and/or adding new ADU units. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

2

PRICE/UNIT

$449,500

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R2 (TOC TIER 2)

APN/PARCEL ID

5003-005-023

ASK ABOUT THIS PROPERTY

Nicole LuMaher Commercial RealtyMore Info
310-710-1018

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Nicole LuMaher Commercial RealtyMore Info
310-710-1018

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