2815 Hyde Park Blvd - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,192,500 USD
424-405-3826
2815 Hyde Park Blvd, Los Angeles, CA for Sale
$1,192,500 USD
Apartments - FOR SALE
1/5
null | 4.47% Cap Rate

2815 Hyde Park Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Great opportunity to acquire an asset in the redeveloping Hyde Park submarket with a desirable unit mix, spacious floor plans, and 21% rental upside
  • Property is a fourplex with one one-bed/one-bath, two two-bed/one-baths, and one three-bed/two-bath
  • The three-bedroom unit has been recently remodeled
  • Situated on a corner lot with a large fenced patio
  • Building features two two-car garages, a single-car garage, and tandem driveway parking
  • Located less than a half-mile from the Crenshaw/LAX Metro K line and retail along Crenshaw Boulevard

OVERVIEW

Marcus & Millichap is pleased to present to market the fourplex located at 2815 Hyde Park Boulevard in Los Angeles’ Hyde Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset with a desirable unit mix, spacious floor plans, and 21 rental upside in a redeveloping rental submarket. 2815 Hyde Park Boulevard is a 3,956-square foot 1956 construction fourplex on a large corner lot, and the building offers one three-bed/two-bath unit, two two-bed/one-baths, and one one-bed/one-bath. The property also features a large fenced patio, two two-car garages, a single-car garage, and tandem driveway parking.The three-bedroom unit was recently renovated and boasts upgrades that include quartz countertops, laminate flooring, and more. The property is located less than a half-mile from the Crenshaw/LAX Metro K Line that opened in 2022; the metro line continues to spur a flurry of multifamily developments in the area thanks to Transit-Oriented Communities (TOC) incentives. 2815 Hyde Park Boulevard is zoned Tier 1 TOC (buyer to verify).

FOR SALE DETAILS

PRICE

$1,192,500 USD

PRICE/SF

$301 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,125

CAP RATE

4.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,594 SF

ZONING

LAR1

APN/PARCEL ID

4007-017-006

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.