6024 Monterey Rd - Apartments FOR SALE
Los Angeles, CA 90042 |
6024 Monterey Rd
Los Angeles, CA 90042
HIGHLIGHTS
- Located 0.6 miles from Figueroa Blvd, which is home to a eclectic retailers, charming cafes, art galleries, and beloved dining options
- Built-in 1995, the property currently allows for an 8.8% annual rent increase
- Ample side-by-side covered and uncovered parking spaces with the potential to add two or more ADUs (buyer to verify)
- Featuring (4) 2-bdrm. units and (10) 1-bdrm. units offered at $263,929 per unit and $417 per foot
- Approx. 30% rental upside, and at the listed price, stabilizes at a 7.01% CAP and 10.17 GRM with projected market rents
- Renovated units include new windows, wood-laminate flooring, granite countertops, and updated appliances and cabinetry
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
$680K Reduction on 14 Units Built In 1995
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8854
STORIES
2
YEAR BUILT
1995
PARKING SPACES
22
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5312-027-025
