6060 Cadillac Ave - Multi-Family FOR SALE


Los Angeles, CA 90034- Mid-City
$1,800,000 USD
310-776-0564
6060 Cadillac Ave, Los Angeles, CA for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/24
null | 5.22% Cap Rate

6060 Cadillac Ave
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • Owned by same family for the past 70 years
  • Fantastic Palms location steps to Kaiser Permanente
  • All units are large 1-bed/1-bath
  • Recent capex including new front security gate and new paint
  • Significant rental upside potential

OVERVIEW

Rob Renshaw of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 6060 Cadillac Avenue, an 8-unit apartment building located in the highly coveted Palms submarket on LA’s Westside. The property was built in 1954 and comprises (8) 1-bedroom, 1-bathroom units. Gross square footage of the building is 5,640, while the parcel itself covers 7,437 square feet with an R3 zoning designation. There are on-site laundry facilities and ample assigned parking at the rear of the building. 6060 Cadillac is directly across the street from the Kaiser Permanente West Los Angeles Medical Center. Tenants further have easy access to the 10 and 405 freeways via La Cienega Boulevard allowing short commutes throughout the greater LA area. 6060 Cadillac is also within walking distance of many nearby houses of worship. This offering presents the astute investor with a fantastic opportunity to purchase a well-maintained, family-owned asset in a great Westside location at a reasonable basis with much room for growth.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

5.22%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units In Prime Palms

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,437 SF

ZONING

R3

APN/PARCEL ID

5066-001-008

ASK ABOUT THIS PROPERTY

Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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