2744 S Redondo Blvd - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,595,000 USD
310-729-1559
2744 S Redondo Blvd, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/15
null | 5.9% Cap Rate

2744 S Redondo Blvd
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Desirable unit mix, consisting of (4) 3 Bed/1 Bath Units, spread out over 4,372 Square Feet
  • Going-in cap rate of 5.90%, offering approximately 24% rental upside through rent increases and potential addition of ADUs (Buyer to Verify)
  • Conveniently located in West Adams, in close proximity to trendy coffee shops, restaurants, and major metropolitan hubs

OVERVIEW

2744 S Redondo Boulevard presents an opportunity to acquire a well-located 4-unit multifamily property in the desirable West Adams neighborhood of Los Angeles. The property features a highly desirable unit mix consisting of (4) 3 bedroom/1 bath units, currently generating just over $11,000 in monthly rental income. Priced at $398,750 per unit and $364.82 per square foot, the property provides investors with an opportunity to acquire a large-unit asset in one of Los Angeles’ most sought-after rental submarkets. The property is currently operating at a 5.90% cap rate with approximately 24% rental upside, presenting meaningful potential to increase cash flow through rent growth. The property is ideally located in West Adams, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation corridors including Interstate 10 and Interstate 110, providing connectivity to major employment, retail, and entertainment destinations throughout Los Angeles.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,805 SF

ZONING

LARD1.5

APN/PARCEL ID

5049-025-005

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.