722 S Ford Blvd - Apartments FOR SALE


Los Angeles, CA 90022- East Los Angeles
$2,100,000 USD
310-729-1559
722 S Ford Blvd, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/18
null | 7.39% Cap Rate

722 S Ford Blvd
Los Angeles, CA 90022
East Los Angeles


HIGHLIGHTS

  • Desirable unit mix, consisting of (7) 1 Bed/1 Bath and (5) 2 Bed/1 Bath units, currently collecting over $22,000 in monthly rent
  • The property is priced at $175k/Unit and offers a going in cap rate of 7.39% and 7.87 GRM
  • Conveniently located in East Los Angeles, in close proximity to restaurants, shopping centers, and major metropolitan hubs

OVERVIEW

722 S Ford Blvd presents an excellent opportunity to acquire a well-located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income. The asset is currently operating at a 7.39% cap rate and 7.87 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $175,000 per unit and $294 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area. Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

12

PRICE/UNIT

$175,000

CAP RATE

7.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3, L.A. County

APN/PARCEL ID

5247-012-005

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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