2505-2509 Malabar St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,100,000 USD
424-405-3826
2505-2509 Malabar St, Los Angeles, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/10
null | 5.5% Cap Rate

2505-2509 Malabar St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Value-Add Opportunity With Massive Upside: Current rents are well-below market and offer 68 percent potential upside
  • Single-Story 10-Unit Apartment Complex: Gated community with all one-bed/one-bath units and laundry facilities
  • Boyle Heights Location: Conveniently near Downtown LA employers and attractions, less than one mile from USC Medical Center, and proximate to freeways
  • Located in One of Los Angeles’ Most Active Infill Development Markets: Ongoing development supports investor sentiment in the area’s consistent demand

OVERVIEW

Marcus & Millichap is pleased to present to market 2505 Malabar Street, a 10-unit multifamily asset in Los Angeles’ Boyle Heights neighborhood. This offering is an excellent acquisition opportunity for an investor seeking value-add potential: current rents are well-below market and present 68 percent rental upside. 2505 Malabar Street is a 1924 construction single-story apartment complex with all one-bedroom/one-bath units. Select units feature interior upgrades and wall A/C units. and the building also offers laundry facilities. The property is located in Boyle Heights with convenient access to major employers and attractions in Downtown Los Angeles, less than a mile to USC Medical Center, and proximate to freeways and the Metro E Line. This area is one of Los Angeles’ most active infill development markets, signaling investor sentiment in the area and its consistent rental demand.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

10

PRICE/UNIT

$110,000

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5177-020-025

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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