3672 Percy St - Apartments FOR SALE


Los Angeles, CA 90023- Boyle Heights
$2,595,000 USD
310-561-4776
3672 Percy St, Los Angeles, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/57
null | 6.22% Cap Rate

3672 Percy St
Los Angeles, CA 90023
Boyle Heights


OVERVIEW

Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + previously RTI plans for (2) 1 Bed “Tiny Home” ADUs. Constructed in 2017, the property is exempt from LA RSO and CA Statewide AB1482 rent control. Luxury newer construction finishes and features include in-unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, modern open concept floor plans, and new landscaping. All utilities are separately metered leaving zero utility expenses for the owner. High yield, low expense property at a true in-place cap rate of 6.2% on proven actuals and a GRM of 11.49 plus upside to 9.7X GRM and a 7.7% cap rate after ADU construction. Very well parked with 10 parking spaces plus additional driveway parking. Conveniently located in Boyle Heights just 2 miles to Downtown LA Arts District across the 6th Street Bridge. Walk to LA Metro Gold Line for direct access to Metro Center. Directly across the street from Stevenson Middle School. 3.5 Miles to Keck USC Hospital. 4 Miles to Cal State LA. 6 Miles to Dodger Stadium. 7.5 Miles to USC. Close access to the 5, 10, 60, and 710 freeways.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

6

PRICE/UNIT

$432,500

CAP RATE

6.22%

% 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

2018

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,937 SF

ZONING

LARD1.5

APN/PARCEL ID

5188-008-015

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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