1723 W 52nd St - Apartments FOR SALE


Los Angeles, CA 90062- South Central LA
$949,000 USD
310-710-1018
1723 W 52nd St, Los Angeles, CA for Sale
$949,000 USD
Apartments - FOR SALE
1/13
null | 7.47% Cap Rate

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


HIGHLIGHTS

  • Strong cash flow from current tenants at a 7.80% cap rate.
  • 2 vacant units (2+1, 1+1) for a new owner to renovate and/or choose their own tenants.
  • Value-add potential for up to 6 units (legalize non-conforming spaces and/or add ADU units)*. Buyer to conduct own research & verify all information.
  • High development potential for a +/- 5,460 SF lot zoned R2 near USC and Downtown Los Angeles.
  • Property could be delivered vacant for the right offer.

OVERVIEW

Located just east of Western Ave, 1723 W 52nd St benefits from its proximity to USC, Downtown Los Angeles, and easy access to Hollywood and Inglewood. Earn strong cash flow at a 7.47% cap rate and 9.26 GRM using historic rents. Alternatively, the property can be delivered fully vacant so the new owner can renovate existing units and register non-conforming spaces as ADUs*. Front building has a total of 6 bedrooms and 5 bathrooms. It can be configured as a duplex with junior ADU. Garage was converted into 2 studios with a total of 2 bathrooms. These can be registered as 2 ADUs. 2 vacant units (2+1, 1+1) for a new owner to renovate and/or choose their own tenants Value-add potential for up to 6 units by legalizing non-conforming spaces and/or adding ADU units* High development potential for a +/- 5,460 SF lot zoned R2 near USC and Downtown Los Angeles Property is a duplex on title and is sold on an as-is where-is basis. Tenants enjoy the convenience of 7 separate private entrances to the units and 5 parking spaces in front. Property could be delivered vacant for the right offer. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

2

PRICE/UNIT

$474,500

CAP RATE

7.47%

% 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.