2023 Preuss Rd - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City
$6,895,000 USD
310-622-1990
2023 Preuss Rd, Los Angeles, CA for Sale
$6,895,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

2023 Preuss Rd
Los Angeles, CA 90034
Mid-City


OVERVIEW

2023-2027 Preuss Rd, Los Angeles, CA 90034 • 18-unit open courtyard-style property featuring newly remodeled, spacious units • Favorably priced below replacement cost at $388,611 per unit, $392 per square foot, and a 5.60% cap with upside • Potential for investors to achieve significant upside with the addition of four entitled ADUs, resulting in a 8.26% Pro Forma cap rate • Recently upgraded building systems including plumbing, electrical, windows, and HVAC • Desirable amenities including 21 on-site parking spots, controlled access gated entry, and shared outdoor grill and seating area • Diverse unit mix of (5) one-bedroom and one-bathroom, (11) two-bedroom and two-bathroom, and (2) three-bedroom and two-bathroom units featuring updated kitchens and bathrooms, in-unit laundry, high-speed internet, and secure entry

FOR SALE DETAILS

PRICE

$6,895,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

18

PRICE/UNIT

$383,056

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

LARD1.5

APN/PARCEL ID

4302-018-011,4302-018-012

ASK ABOUT THIS PROPERTY

Kitty WallaceColliersMore Info
310-622-1990

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Kitty WallaceColliersMore Info
310-622-1990

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