4124-4126 1/2 Monroe St - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$2,250,000 USD
424-394-2121
4124-4126 1/2 Monroe St, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/21
null | 6.1% Cap Rate

4124-4126 1/2 Monroe St
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • OPPORTUNITY ZONED 7-unit apartment building
  • Located in a bustling hip neighborhood, on the edge of Silverlake
  • This property benefits from excellent walkability to popular, trendy cafes and restaurants.
  • Each units has its own parking spot

OVERVIEW

Representing a remarkable OPPORTUNITY ZONED 7-unit apartment building with 90% current market rents. This property features 6 upgraded 1 bed/1 bath units, each unit has its own washer and dryer. 6 units have been thoughtfully renovated with modern finishes, showcasing open layouts that enhance the living space. One of the units is 2/1. Most utilities are covered by tenants; the seller only pays for water. ALL UNITS HAS ITS OWN PARKING. Located in a bustling hip neighborhood, on the edge of Silverlake-one of the trendiest areas in LA. This property benefits from excellent walkability to popular, trendy cafes and restaurants. The combination of upgraded units and a thriving location offers significant potential for rental income growth, making this apartment building an excellent opportunity for savvy investors looking to expand their portfolio in a high-demand location which is only 5-10 min drive to Hollywood, Los Feliz, Downtown, Koreatown, Echo Park. It doesn't get much more central in terms of location! Don’t miss your chance to capitalize on this unique investment opportunity!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

7

PRICE/UNIT

$321,429

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LARD1.5

APN/PARCEL ID

5539-017-006

ASK ABOUT THIS PROPERTY

Laura MeldereBeverly & CompanyMore Info
424-394-2121

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Laura MeldereBeverly & CompanyMore Info
424-394-2121

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