711 S westlake Ave - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park | 
$2,900,000 USD
408-888-9594
711 S westlake Ave, Los Angeles, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/9
null | 9.17% Cap Rate

711 S westlake Ave
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Fully occupied 30-unit apartment community in Los Angeles' Westlake neighborhood.
  • Located between Downtown Los Angeles and Koreatown.
  • Mix of studio and one-bedroom residential units.

OVERVIEW

$650,000 PRICE REDUCTION 9.17% CAP RATE | 6.13 GRM 711 S. Westlake Avenue presents an opportunity to acquire a 30-unit multifamily property in Los Angeles. The price has been reduced 18% to $2,900,000, or approximately $96,667 per unit. The seller is highly motivated and seeking a closing before year end.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

30

PRICE/UNIT

$96,667

CAP RATE

9.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9.17% CAP | 6.13 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,497 SF

ZONING

C2

APN/PARCEL ID

5141-019-010

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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