5746 Morley St - Apartments FOR SALE


Los Angeles, CA 90045- Westchester
$1,195,000 USD
310-561-2384
5746 Morley St, Los Angeles, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/2
null | 4.26% Cap Rate

5746 Morley St
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • ONE VACANT UNIT & TWO VACANT GARAGES
  • 6,864-square-foot LAR3 TOC Tier 3 lot
  • With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income.
  • Projected to operate at a 9.02% cap rate and a 8.70 GRM, making it an attractive value-add investment.
  • This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by).
  • This would be perfect for an owner occupant or an investor looking to add value.

OVERVIEW

** ONE VACANT UNIT & TWO VACANT GARAGES** 5746 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. The property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 9.02% cap rate and a 8.70 GRM, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$524 USD /SF

# OF UNITS

3

PRICE/UNIT

$398,333

CAP RATE

4.26%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR3

APN/PARCEL ID

4125-011-017

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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