3733 Bostwick St - Apartments FOR SALE


Los Angeles, CA 90063- East Los Angeles
$1,350,000 USD
310-780-1899
3733 Bostwick St, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | 7.4% Cap Rate

3733 Bostwick St
Los Angeles, CA 90063
East Los Angeles


HIGHLIGHTS

  • Partially Renovated Asset, Renovations have been Completed to 71% of Units
  • Dense Infill Location Central to Employment & Nightlife, Property is Located in Close Proximity to Restaurants, Bars, and Employment Opportunities in
  • Recent Capital Improvements, Two out of the Three Structures at the Property have New Roofs
  • Strong Employment Drivers, The Property is Located Within a 10 Minute Drive to 40 Million SF of Office Space which Drives Rental Growth
  • Attractive Unit Mix: (2) Studios, (1) 1-Bedroom/1-Bath & (4) 2-Bedroom/1-Bath Units (Including 2 Non-Conforming Units)

OVERVIEW

3733 Bostwick Street presents the opportunity to acquire a partially renovated seven-unit multifamily investment consisting of five legal units and two non-conforming units in the highly accessible City Terrace neighborhood of East Los Angeles. Situated on a 5,771 square foot lot, the property contains approximately 3,810 square feet of rentable building area. Renovations have been completed to 71% of the units, allowing investors to benefit from immediate cash flow while completing the remaining value-add opportunities. Offered at a 7.40% Scheduled CAP Rate and 8.39 Scheduled GRM, the property features an attractive unit mix of two studios, one one-bedroom/one-bath unit, and four two-bedroom/one-bath units, including two non-conforming units. Recent capital improvements include new roofs on two of the property's three buildings, reducing near-term capital expenditures while enhancing the property's long-term appeal. Located just minutes from Downtown Los Angeles, the property is surrounded by a dense infill neighborhood with convenient access to restaurants, nightlife, and major employment centers. Within a 10-minute drive of approximately 40 million square feet of office space and offering immediate access to the 5, 10, 60, 101, and 710 Freeways, 3733 Bostwick Street benefits from strong rental demand driven by exceptional regional connectivity and proximity to one of Southern California's largest employment hubs.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

7

PRICE/UNIT

$192,857

CAP RATE

7.4%

% LEASED

58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,857 SF

ZONING

LCR2*

APN/PARCEL ID

5228-021-027

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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