4850 Mascot St - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,550,000 USD
310-467-7581
4850 Mascot St, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/17
null | 5.77% Cap Rate

4850 Mascot St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Located near intersection of Washington Blvd and La Brea in a prime Mid-City location with convenient access to retail and employment hubs
  • Well-balanced unit mix of, 2 bedroom, 1 bedroom, studios, and a bachelor, which is well suited for this Mid-City rental pocket
  • The proposed ADU's are nearly RTI. They will be located above the garages and will preserve existing parking
  • Delivered with 2 rent ready upper 2 bed, 1 bath units at the close of escrow.
  • Newly renovated units come equipped with new appliances, washer/dryers in unit, front and back entrances and amazing views
  • Recent improvements include 2 fully renovated units, new exterior paint, and nearly RTI permits for 2 ADU's

OVERVIEW

4850 Mascot Street offers investors a strong value-add opportunity in an improving neighborhood seeing continued multifamily development and reinvestment. The property will be delivered with two renovated two-bedroom units vacant at close of escrow, allowing a new owner to capture market rents immediately. Additional upside may be realized through the potential construction of two ADUs above the rear garages with RTI permit status, which could increase rental income by nearly 70% based on current projections and preserve parking. Three occupied units are also rented below market, providing further income growth over time. With immediate rental upside and future development potential, 4850 Mascot Street is a compelling investment opportunity. Mid-City is a centrally located Los Angeles submarket just north of the 10 Freeway, offering convenient access to the beach, Downtown LA, and major employment hubs, along with a strong mix of nearby restaurants, shopping, and daily amenities along La Brea and Washington Boulevard.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

7

PRICE/UNIT

$221,429

CAP RATE

5.77%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-012-010

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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