340 Firmin St - Apartments FOR SALE


Los Angeles, CA 90026- City West
$849,000 USD
310-777-7800
340 Firmin St, Los Angeles, CA for Sale
$849,000 USD
Apartments - FOR SALE
1/9
null | 4.4% Cap Rate

340 Firmin St
Los Angeles, CA 90026
City West


HIGHLIGHTS

  • Prime Location

OVERVIEW

Exceptional opportunity to purchase a fully occupied five-unit apartment complex comprised of 600 sqft 1 bed 1 bath units in the heart of Echo Park, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. This well-maintained property offers investors peace of mind from day one. Situated on 5,200 sqft lot, the property presents significant long-term development potential. Whether you hold for income or reposition for future value, this asset combines both stability and upside. Located just minutes from Sunset Boulevard, DTLA, and Silver Lake, the property enjoys strong rental demand and an unbeatable urban lifestyle appeal. This is a rare chance to secure a cash-flowing asset in a premier location with future development possibilities. Ideal for seasoned investors and those looking to enter the multifamily market. ***SELLER FINANCING AVAILABLE*** Owner spent approximately $14,000 on repairs and improvements including a new perimeter gate. ACTUAL NOI is closer to $55,000. Delivered FULLY occupied. All information is deemed reliable but not guaranteed. Buyer(s) and selling agent(s) are advised to verify all details to their own satisfaction. Offers MUST include proof of funds and or Lender Pre approval.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,000

CAP RATE

4.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,121 SF

ZONING

LACW

APN/PARCEL ID

5160-022-017

ASK ABOUT THIS PROPERTY

Corey WeissBerkshire Hathaway HomeServices (California)More Info
310-777-7800

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Corey WeissBerkshire Hathaway HomeServices (California)More Info
310-777-7800

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