3316 Stanford Ave - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,500,000 USD
949-419-3222
3316 Stanford Ave, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/4
null | 5.22% Cap Rate

3316 Stanford Ave
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • Historic South Central location
  • Corner lot with on site parking
  • Significant upside in rents
  • Mixed Use apartments & retail

OVERVIEW

The offering is a mixed use residential and multifamily property consisting of 8 one bedroom units, 2 two bedroom units a commercial building occupied by a thrift store and a vacant commercial space. The vacant commercial space was operated as 2 studio units and is currently in shell condition. According to the owners, this space may be converted back to a residential use (Buyer to verify with the City of Los Angeles). The building is separately metered for gas & electricity and offers on site open parking for the tenants. Located in densely populated Historic South Central Los Angeles, this property offers an investor substantial upside in future rents upon turnover and the possibility of converting the vacant commercial space into residential.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

13

PRICE/UNIT

$115,385

CAP RATE

5.22%

% LEASED

100%

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

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,066 SF

ZONING

M1, Los Angeles

APN/PARCEL ID

5120-028-029

ASK ABOUT THIS PROPERTY

John SusankMarcus & MillichapMore Info
949-419-3222

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

John SusankMarcus & MillichapMore Info
949-419-3222

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