3005 E 8th St - Apartments FOR SALE


Los Angeles, CA 90023- Boyle Heights
$880,000 USD
626-290-5965
3005 E 8th St, Los Angeles, CA for Sale
$880,000 USD
Apartments - FOR SALE
1/9
null | 6.06% Cap Rate

3005 E 8th St
Los Angeles, CA 90023
Boyle Heights


HIGHLIGHTS

  • Professionally Managed by the Same Family for Over 40 Years
  • 6.06% Cap rate / 9.42 GRM on Current Rents
  • 32% Upside Potential in Rents
  • Low Price Per Unit / Low Price Per Foot

OVERVIEW

3005 E 8th St is a 6-unit apartment building situated on 5,907 square feet of land located in the Boyle Heights submarket of Los Angeles, CA. The building is comprised of six (6) one-bedroom, one-bathroom units. This property has been owned by the same family for over 40 years. There has been pride of ownership in their time of management and a buyer has the opportunity to take over a clean building, with good tenants, great rents and upside potential.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

6

PRICE/UNIT

$146,667

CAP RATE

6.06%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Over 6% Cap Rate in Boyle Heights!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,907 SF

ZONING

LAR4

APN/PARCEL ID

5190-008-027

ASK ABOUT THIS PROPERTY

Charles WrightMatthews Real Estate Investment ServicesMore Info
626-290-5965

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Charles WrightMatthews Real Estate Investment ServicesMore Info
626-290-5965

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