1832 Lansdowne Ave - Multi-Family FOR SALE


Los Angeles, CA 90032- Lincoln Heights
$1,099,000 USD
213-943-1897
1832 Lansdowne Ave, Los Angeles, CA for Sale
$1,099,000 USD
Multi-Family - FOR SALE
1/8
null | 5.57% Cap Rate

1832 Lansdowne Ave
Los Angeles, CA 90032
Lincoln Heights


HIGHLIGHTS

  • 111% remaining rental upside on the occupied units through unit turnover and interior upgrades
  • Located close proximity to Downtown LA, Arts District, Northeast LA & San Gabriel valley
  • The property being delivered 50% vacant, allows for an owner user to occupy a unit
  • Potential to add ADUs for future growth and value upside — buyer to verify

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit apartment community located at 1832 Lansdowne Avenue. The subject property is located north of the I-10 Freeway and south of Valley Boulevard. The property is located in a desirable pocket of Northeast LA. The building is in close proximity to Downtown LA, the Arts District, and the San Gabriel Valley. This provides residents with convenient access to employment centers, retail, and entertainment in the immediate area. Situated on a 5,390-square-foot parcel, the property is comprised of four two-bedroom units. In-place occupied unit rents average $1,184, approximately 111% below market. With market rents achieving $2,500/month, Lansdowne presents a compelling mark-to-market opportunity through unit turnover and interior upgrades. 1832 Lansdowne Avenue offers investors a well-located asset in a desirable Northeast Los Angeles infill neighborhood. The surrounding area continues to improve, supported by ongoing gentrification and strong rental demand. These fundamentals, combined with the property’s inherent value-add potential, position a new owner to benefit from both near term enhancements and long-term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

4

PRICE/UNIT

$274,750

CAP RATE

5.57%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Unit Value-Add Opportunity

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,390 SF

ZONING

LAR1

APN/PARCEL ID

5223-028-037

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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