210 S Commonwealth Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$3,599,999 USD
818-484-8008
210 S Commonwealth Ave, Los Angeles, CA for Sale
$3,599,999 USD
Apartments - FOR SALE
1/7
null | 7.62% Cap Rate

210 S Commonwealth Ave
Los Angeles, CA 90004
Koreatown


OVERVIEW

Global Equity Partners and Eduard Khachatryan proudly bring you the one of the rarest and unique apartment buildings available for sale. 210 S Commonwealth Ave is a multi-family property located in the Koreatown neighborhood of Los Angeles, CA. It is specifically an apartment building with 14 units. The property was built in 1980 and has a total structure area of 10,884 sq ft. The lot size is 7,488 sq ft. 10 x 2 Bedroom 1 Bathroom Units with average size of 900 sq ft, 4 X 1 Bedroom Bathroom Units with average size of 700 sq ft. It features 24 bedrooms and 14 bathrooms. The building has 2 stories and has been properly maintained and cared for as needed always. Property has 18 total spaces, including a garage, balconies and laundry facilities for more convenience to tenants and additional income for the owner. 80% of lease agreements are on month to month, rents below market with huge upside potential. Current Monthly Gross Income $ 25,400, $304,800 Annual. Pro Forma Monthly Rent Income $33,800: $405,600 Annual 2 of the units (1 Bedroom, 1 Bathroom and 1 Bedroom 1 Bath) may be delivered vacant. More details available upon request.

FOR SALE DETAILS

PRICE

$3,599,999 USD

PRICE/SF

$331 USD /SF

# OF UNITS

14

PRICE/UNIT

$257,143

CAP RATE

7.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,488 SF

ZONING

LAR3

APN/PARCEL ID

5501-019-025

ASK ABOUT THIS PROPERTY

Eduard KhachatryanGlobal Equity PartnersMore Info
818-484-8008

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Eduard KhachatryanGlobal Equity PartnersMore Info
818-484-8008

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