634 W 92nd St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$3,900,000 USD
818-212-2694
634 W 92nd St, Los Angeles, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/8
null | 7.5% Cap Rate

634 W 92nd St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Stabilized asset with consistent in-place operations
  • Excellent unit mix featuring (17) two bedroom units
  • (21) parking spaces
  • On-site laundry facilities

OVERVIEW

Marcus & Millichap presents the opportunity to acquire 634 W. 92nd Street, a stabilized 21-unit multifamily investment located in the Vermont Vista neighborhood of South Los Angeles. Originally a 19-unit apartment building, current ownership added (2) 1 bed/1bath ADUs in 2022. Built in 1965, the two-story property consists of approximately 15,366 square feet of rentable space (including ADUs) on an 18,106 square foot lot. The unit mix includes (2) 1bed/1bath units, (2) 3bed/1bath units, and (17) 2bed/1bath units. The property is gated, includes (21) surface parking spaces, and provides on-site laundry. Zoned under LARD1.5, the existing structure is truly irreplaceable and is the highest and absolute best use for the lot.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

21

PRICE/UNIT

$185,714

CAP RATE

7.5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

LARD1.5

APN/PARCEL ID

6039-014-021

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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