2109 Manitou Ave - Apartments FOR SALE


Los Angeles, CA 90031- Lincoln Heights
$2,275,000 USD
818-448-4415
2109 Manitou Ave, Los Angeles, CA for Sale
$2,275,000 USD
Apartments - FOR SALE
1/10
null | 6.32% Cap Rate

2109 Manitou Ave
Los Angeles, CA 90031
Lincoln Heights


HIGHLIGHTS

  • Good Lincoln Heights Location - Minutes Away from DTLA
  • Not Subject to LA City Rent Control
  • Excellent Unit Mix
  • One Unit Delivered Vacant
  • Five of Eight Units are Renovated
  • On-Site Parking and Laundry

OVERVIEW

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 2109 Manitou Ave in Los Angeles, California. The subject property is located in a good Lincoln Heights location, south of N Broadway and West of Griffin Ave. Located in Lincoln Heights just minutes from Downtown LA, this property offers strong accessibility and long-term upside. The asset is not subject to Los Angeles City rent control and features an excellent unit mix of two one-bedroom, four two-bedroom, and two three-bedroom units, with one unit delivered vacant. Five of the eight units have been renovated. Units are separately metered for gas and electricity and include individual water heaters. The property offers fourteen covered, gated on-grade parking spaces and on-site laundry. Tenants benefit from proximity to major corridors, freeways, Metro access, parks, and popular local amenities including cafes, retail, and Dodger Stadium nearby. With RSO exemption, strong in-place income, one vacancy for immediate upside, and a well-located position in Lincoln Heights, this asset presents a compelling and flexible investment opportunity. For OM, please visit: https://www.lamultifamilydeals.com/properties/2109-manitou-ave

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

8

PRICE/UNIT

$284,375

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,317 SF

ZONING

LARD3

APN/PARCEL ID

5204-006-018

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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