4048 Gelber Pl - Apartments FOR SALE


Los Angeles, CA 90008- Crenshaw
$4,500,000 USD
310-902-8977
4048 Gelber Pl, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/5
null | 5.86% Cap Rate

4048 Gelber Pl
Los Angeles, CA 90008
Crenshaw


OVERVIEW

The subject property is a 20-unit apartment complex located in the Baldwin Village submarket of Los Angeles. It has an excellent mix of 8 - 2 bedroom 1 1/2 bath units, 6 - 2 bedroom 1 bath units and 6 1 bedroom 1 bath units. The colonial designed structure is wood frame stucco and contains 17, 751 square feet. It is situated on a 17,544 square foot lot which is zoned LAR3. The building is currently producing $33,175 per month. It is subject to LA City Rent Control ordinances.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

20

PRICE/UNIT

$225,000

CAP RATE

5.86%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,337 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5030-019-008

ASK ABOUT THIS PROPERTY

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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