6612 Menlo Ave - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,550,000 USD
213-225-7223
6612 Menlo Ave, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/12
null | 8.92% Cap Rate

6612 Menlo Ave
Los Angeles, CA 90044
South Central LA


OVERVIEW

We are pleased to present 6612 Menlo Ave, a 10-unit multifamily community in Los Angeles, offered at a 7.77 GRM and an 8.92% CAP on current rents, with upside potential to achieve a 6.94 GRM and a 10.35% CAP with market rents. This opportunity consists of five separate duplexes offering of a total of 4,620 rentable square feet. Built in 1925, the property sits on a large, 8,593 square foot LARD2-zoned corner lot. The unit mix features two (2) studios and eight (8) one-bedroom one-bathroom units. Two units will be delivered VACANT. Located on the corner of S Menlo Ave and W 68th St, this property is located near Mount Caramel Recreation Center, six blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, Tacos El Vecino and more. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

10

PRICE/UNIT

$155,000

CAP RATE

8.92%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.77 GRM - 8.92% CAP Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,593 SF

ZONING

LARD2

APN/PARCEL ID

6013-010-039

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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