2672 S Redondo Blvd - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,850,000 USD
310-729-1559
2672 S Redondo Blvd, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/6
null | 7% Cap Rate

2672 S Redondo Blvd
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Great unit mix consisting of (1) 1 Bed/1 Bath, (1) 4 Bed/2 Bath and (3) 3 Bed/1 Bath units
  • Strong going in cap rate of 7.00% and 9.67 GRM
  • Potential financing available: 10% down with no mortgage insurance
  • Currently generating $15,941 in monthly gross rent
  • Located in West Adams, neighboring several restaurants, shopping centers, and metropolitan hubs

OVERVIEW

2672 Redondo Blvd is a fully stabilized 5-unit multifamily investment (4 units + 1 ADU) located in the heart of Los Angeles. The property may qualify for special financing with just 10% down and no mortgage insurance — please contact Lionel Sabbah at GreenDay Mortgage at 310-800-8162 for details. The property generates $15,941 in monthly gross income through Section 8 guaranteed rents, providing investors with reliable and predictable cash flow. The desirable unit mix includes (3) three-bed/one-bath units, (1) four-bed/two-bath unit, and (1) one-bed/one-bath ADU across 4,019 SF of improvements. All units are clean and well maintained, minimizing upfront capital requirements. With a 7.00% cap rate and 9.67 GRM, the asset delivers strong in-place returns that are rarely available in today’s Los Angeles market. Positioned in a central, high-demand rental pocket, 2672 Redondo Blvd offers investors a rare opportunity to acquire a stabilized, cash-flowing property with long-term upside potential in both income growth and appreciation.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$521 USD /SF

# OF UNITS

5

PRICE/UNIT

$370,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,809 SF

ZONING

LARD1.5

APN/PARCEL ID

5049-020-004

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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