3321-3325 W 74th St - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$3,575,000 USD
310-880-1151
3321-3325 W 74th St, Los Angeles, CA for Sale
$3,575,000 USD
Apartments - FOR SALE
1/2
null | 7.13% Cap Rate

3321-3325 W 74th St
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Great curb appeal on well maintained 20 unit apartment building with center courtyard between the two structures that were built in 1961.
  • Excellent unit mix of half 2 bedroom units and half 1 bedroom units. Rents have upside vial LA City RSO increases, Go to market rents at turnover.
  • On site parking for 20 vehicles, and laundry room for tenants.

OVERVIEW

The subject property is a two story walkup apartment complex consisting of two 10 unit buildings on one parcel. The buildings were constructed in 1960 and have an equal mix of 1 and 2 bedroom units. There is a laundry room onsite and parking for 20 vehicles. The property and improvements have been well maintained by long term ownership, and there is significant upside in rental income as units turnover. The adjacent property at 7324 Crenshaw Blvd, is a 10 unit apartment building and is being offered for sale by the same ownership. The property is well located just 7 minutes east of the thriving entertainment district of Inglewood which features SoFi Stadium, The Kia Forum, Intuit Dome, YouTube Theatre, Hollywood Park Casino and a multitude of dining options. Even closer to the property are Centinela Hospital, Target, Costco, Home Depot and is 30 minutes from Downtown LA. The area is densely populated which results in a strong rental market.

FOR SALE DETAILS

PRICE

$3,575,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

20

PRICE/UNIT

$178,750

CAP RATE

7.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rose Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,689 SF

ZONING

LAC2

APN/PARCEL ID

4012-015-023

ASK ABOUT THIS PROPERTY

Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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

Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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