550 W 41st Dr - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$95,427,734 USD
310-403-9145
550 W 41st Dr, Los Angeles, CA for Sale
$95,427,734 USD
Apartments - FOR SALE
1/6
null | 5.12% Cap Rate

550 W 41st Dr
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Prime Location: Near major developments at Exposition Park; Lucas Museum of Narrative Art, $315M Coliseum renovation, Banc of California Stadium
  • Strong value-add opportunity in a rapidly developing area
  • Unit Mix: (4) 1-Bedroom / 1-Bath (1) 2-Bedroom / 1-Bath
  • Building Size: 3,120 rentable sq ft
  • Lot Size: 6,763 sq ft (RD 1.5 zoning)
  • Fully occupied at delivery

OVERVIEW

We are pleased to present 550 41st Dr in Los Angeles. This is a great value add deal near all the new developments happening near Exposition Park, such as the Lucas Museum of Narrative Art, the $315 million renovation of the Coliseum, and the Banc of California Stadium! This 5-unit apartment has a great unit mix of four 1 bedroom/1 bath units and one 2 bedroom/ 1 bath unit. The subject property is 3,120 rentable sq ft, sitting on a 6,763 sq ft RD 1.5 lot. The property will be delivered fully occupied.

FOR SALE DETAILS

PRICE

$95,427,734 USD

PRICE/SF

$30,586 USD /SF

# OF UNITS

5

PRICE/UNIT

$19,085,547

CAP RATE

5.12%

% 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

1921

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

5019-019-022

ASK ABOUT THIS PROPERTY

Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

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

Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

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