6550 Brynhurst Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,900,000 USD
310-902-8977
6550 Brynhurst Ave, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/2
null | 7.38% Cap Rate

6550 Brynhurst Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • The proximity to new Metro Line creates a possible future development opportunity
  • The property has been well maintained and managed for the last 25 years

OVERVIEW

The subject property is an eleven-unit apartment complex located in the Hyde Park submarket of South Los Angeles. The building consists of all 2- bedroom 1 bath units averaging 756sf. The structure contains a total of 8,317sf and was built in 1964. It is situated on a large 11,352sf lot with LAR3 zoning. The current income is below market at $16,005 per month. Market for the area is closer to $20,000 per month. The proximity to new Metro Line creates a possible future development opportunity. The property has been well maintained and managed for the last 25 years.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

11

PRICE/UNIT

$172,727

CAP RATE

7.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

LAR3

APN/PARCEL ID

4006-019-017

ASK ABOUT THIS PROPERTY

Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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Jerome McAlpinMcAlpin & CompanyMore Info
310-902-8977

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