5868 Deane Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$899,500 USD
310-425-9838
5868 Deane Ave, Los Angeles, CA for Sale
$899,500 USD
Apartments - FOR SALE
1/3
null | 1.53% Cap Rate

5868 Deane Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Very nice corner location at corner of 5868 Deane Ave and 59th St. in highly desirable Park Hills Heights neighborhood.
  • The 1 bedroom 1 bath front house will be delivered vacant, which will allow the buyer to rehab and rent at FMV.
  • Rents are super low so huge potential rental upside.
  • Ideal property for an owner/user or an astute investor looking to take advantage of long-term rental growth. Value add property.

OVERVIEW

Excellent corner location at corner of 5868 Deane Ave and 59th St. in highly desirable Park Hills Heights neighborhood. The unit mix consists of 3 units - one 2 bedroom + 1 bath unit and two 1 bedroom + 1 bath units with each unit having its own garage. Based on the gross building area of 2,461 square feet, the average unit size is approximately 820 square feet. Situated near Windsor Hills and neighboring communities of Park Mesa Heights, Leimert Park, View Park, Crenshaw Manor, and Baldwin Hills. Ideal property for an owner/user or an astute investor looking to take advantage of long-term rental growth. Value add property. The 1 bedroom 1 bath front house will be delivered vacant, which will allow the buyer to rehab and rent at FMV. One unit is located over the garage. Rents are super low so huge potential rental upside. The site is rectangular shaped with a total land area of 6,625± square feet, or 0.15± acre. The topography of the site is level and situated at street grade. Constructed in 1941, the property is regulated by the Rent Stabilization Board.

FOR SALE DETAILS

PRICE

$899,500 USD

PRICE/SF

$366 USD /SF

# OF UNITS

3

PRICE/UNIT

$299,833

CAP RATE

1.53%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,627 SF

ZONING

R1

APN/PARCEL ID

4004-007-021

ASK ABOUT THIS PROPERTY

Michael MilleaThe Ensbury GroupMore Info
310-425-9838

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Michael MilleaThe Ensbury GroupMore Info
310-425-9838

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