602-608 W 75th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$2,700,000 USD
310-467-7581
602-608 W 75th St, Los Angeles, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/5
null | 8.97% Cap Rate

602-608 W 75th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Excellent current cap rate offering investor cash flow day one with a 8.97% cap rate and 6.79 GRM
  • Great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath spread out over 10,032 square feet
  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles

OVERVIEW

Part of a 4 Building Portfolio! Can be sold individually or as a portfolio. 602 W 75th is a 16 unit and an adjacent single family home on a separate parcel in South LA. The subject property offers an investor a great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath. There is excellent day one cash flow being offered at a 8.97% cap rate and 6.79 GRM. The total gross leasable area of the building is 10,032 SF and sits on a 7,002 SF lot zoned LAR3. The adjacent 3 Bed/1 Bath house is also for sale from the same owner for $600,000. Please inquire with listing agent for additional details.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

16

PRICE/UNIT

$168,750

CAP RATE

8.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAR3

APN/PARCEL ID

6020-021-005

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 Policy.