300 Patton St - Apartments FOR SALE


Los Angeles, CA 90026- City West
$1,999,999 USD
323-216-2168
300 Patton St, Los Angeles, CA for Sale
$1,999,999 USD
Apartments - FOR SALE
1/7
null | 6.61% Cap Rate

300 Patton St
Los Angeles, CA 90026
City West


HIGHLIGHTS

  • Significant rental upside potential for the savvy investor.
  • Corner lot on a charming residential neighborhood.
  • Includes approved plans for two accessory dwelling units (ADU's).
  • Professionally managed and upgraded by current owner.

OVERVIEW

300 Patton Street is an eight-unit multifamily property in the Echo Park neighborhood of Los Angeles that is on the market for the first time since 2016. The property consists of one (1) 1-bed/1-bath and seven (7) 2-bed/1-bath units on a corner lot. Built in 1925, the property has been professionally managed and modernized over the last 10 years. The 8 units are situated on a 4,193 SF lot at the corner of Patton St. and Court St., within walking distance to coffee shops, restaurants and Echo Park Lake. The property’s proximity to Downtown Los Angeles and some of the most popular points of interest on the eastside ensures strong rental demand and upside for the foreseeable future.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$493 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

6.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,195 SF

ZONING

LACW

APN/PARCEL ID

5160-009-009

ASK ABOUT THIS PROPERTY

Erick UribeSouth Park Group, Inc.More Info
323-216-2168

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Erick UribeSouth Park Group, Inc.More Info
323-216-2168

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