2309 Hauser Blvd - Apartments FOR SALE


Los Angeles, CA 90016- Mid-City
$1,750,000 USD
818-915-9118
2309 Hauser Blvd, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/16
null | 5.1% Cap Rate

2309 Hauser Blvd
Los Angeles, CA 90016
Mid-City


HIGHLIGHTS

  • Cash flowing 4 unit building north of the 10 freeway.
  • Each unit is 3 bedrooms and 2 baths, and one unit will be delivered VACANT! Annual income of appx. $132,948, GRM of 13.2, and cap rate of 5.1%!
  • 3 of the 4 units have in-unit washer/dryers and there is an uncovered parking lot in the back of th e building.
  • Capital improvements include a new roof in 2017 and interior remodeling of 3 units (including the vacant unit).
  • Bustling and highly desirable rental market in a central LA location.

OVERVIEW

The Mayelian Apartment Group is proud to present a cash flowing 4 unit building north of the 10 freeway in Mid City / West Adams! Each unit is spacious and consists of 3 bedrooms and 2 baths. One 3 bedroom / 2 bath unit will be delivered VACANT and a buyer can immediately realize monthly rental income of $3,400 for that unit! Outstanding annual income of appx. $132,948, GRM of 13.2, and cap rate of 5.1% when vacant unit is rented! 3 of the 4 units have in-unit washer/dryers and there is also a community laundry room for tenants' convenience. Capital improvements include a new roof in 2017 and interior remodeling of 3 units (including the vacant unit) with new kitchens, bathrooms, and flooring. Separately metered for gas and electric and building includes 4 uncovered parking spaces in a back parking lot. Situated in a bustling and highly desired rental market, the building is centrally located minutes away from the LACMA, La Brea Tar Pits, Petersen Museum, and a short drive from Culver City, Beverly Hills, and Downtown LA.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

5.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mid City Fourplex with 1 Vacant Unit!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,269 SF

ZONING

LARD1.5

APN/PARCEL ID

5063-007-081

ASK ABOUT THIS PROPERTY

Anie MayelianKW CommercialMore Info
818-915-9118

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Anie MayelianKW CommercialMore Info
818-915-9118

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