3232 S Central Ave - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,226,000 USD
323-376-2469
3232 S Central Ave, Los Angeles, CA for Sale
$1,226,000 USD
Apartments - FOR SALE
1/8
null | 6.99% Cap Rate

3232 S Central Ave
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • Offered at a 6.99% CAP Rate
  • Recently Upgraded Electrical Panels
  • Priced at a 6.46 Gross Rent Multiplier
  • Mix of Studio & One-Bedroom Units
  • Located in South Central Los Angeles

OVERVIEW

3232 S. Central Avenue is a 10-unit apartment complex located in South Central Los Angeles. The opportunity consists of an 8-unit property in front constructed in 1924 and a duplex in the rear built in 1930. Each unit is separately metered for gas and electricity. The 2-story apartment building has seen recent capital improvements including upgraded electrical panels. The property consists of four (4) studio units and six (6) one-bedroom units spread across 5,180 rentable square feet.

FOR SALE DETAILS

PRICE

$1,226,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

10

PRICE/UNIT

$122,600

CAP RATE

6.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAM1

APN/PARCEL ID

5114-025-018

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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

Andres DiazKW CommercialMore Info
323-376-2469

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