3209 Dobinson St - Apartments FOR SALE


Los Angeles, CA 90063- East Los Angeles
$2,400,000 USD
310-739-3148
3209 Dobinson St, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/12
null | 6.62% Cap Rate

3209 Dobinson St
Los Angeles, CA 90063
East Los Angeles


HIGHLIGHTS

  • Excellent East LA Location w/ Strong Rental Demand!
  • 6.62% Cap Rate | 9.53 GRM
  • Unit Mix: 10 (1BR + 1BA) & 2 (Studio) | 3 Income Producing Parking Spaces
  • Minutes from Downtown LA, Arts District, and Boyle Heights
  • Individually Metered for Gas & Electricity
  • Recent Building Upgrades Include: Copper Plumbing, New Roof, Newer Windows, and Updated Showers

OVERVIEW

VartanianCRE of Lyon Stahl Investment Real Estate, Inc. is pleased to present 3209 Dobinson St., a well-maintained and gated 12-unit apartment community situated in the vibrant and evolving submarket of East Los Angeles - one of the city’s most resilient and in-demand rental pockets. Built in 1912 and offering 11,175 square feet of living space on a 7,419 square foot lot, this classic two-story building features an attractive unit mix of ten (1 bedroom /1 bathroom) units and two (studio) apartments. With a timeless architectural character and updated amenities, the property offers both historic charm and modern comfort. Significant upgrades have been completed throughout the property, including full copper plumbing and a new roof installed one year ago. All showers were renovated last year, and the building is separately metered for gas and electricity, which helps simplify operations and reduce utility expenses for ownership. With a Walk Score of 77, 3209 Dobinson St. offers residents convenient access to public transportation, local employment hubs, and a wide variety of dining and retail options in East LA, Koreatown, and Downtown Los Angeles. Featuring strong in-place cash flow, meaningful upgrades, and rental upside, 3209 Dobinson St. presents a rare opportunity to acquire a stable, wellperforming multifamily asset in a proven Los Angeles rental market. With consistent income and minimal deferred maintenance, this property is an ideal choice for both experienced investors and those looking to expand their portfolio with a reliable income-producing asset.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units in East LA | 6.62% Cap & 9.53 GRM!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,419 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5229-024-007

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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Derrick VartanianLyon Stahl Investment Real Estate, Inc.More Info
310-739-3148

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