724 E 32nd St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$750,000 USD
213-446-3636
724 E 32nd St, Los Angeles, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/16
null | 3.93% Cap Rate

724 E 32nd St
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • ADU potential
  • 100% Upside in Rents
  • Central location close to 110 to 10 freeways

OVERVIEW

Total Realty Group is pleased to present 724 E 32nd Street, a four-unit multifamily investment opportunity located in the Historic South Central neighborhood of Los Angeles. The property consists of four spacious 2-bedroom, 1-bathroom units encompassing approximately 2,976 square feet on a 5,441 square foot LARD1.5-zoned lot. Built in 1964, the property offers a desirable unit mix with separately metered utilities and on-site rear parking. The expansive rear parking area provides potential for future ADU development, allowing investors the opportunity to further increase income and maximize the property's value (Buyer to verify all development potential with the appropriate governmental agencies). Currently operating with below-market rents, 724 E 32nd Street presents a compelling value-add opportunity for investors seeking substantial upside through rental repositioning over time. Based on market rental assumptions, the property offers significant potential to increase cash flow while benefiting from long-term appreciation in one of Los Angeles' steadily improving urban submarkets. With a strong four-unit layout, favorable location, development potential, and considerable income upside, 724 E 32nd Street represents an attractive investment opportunity for both seasoned and first-time multifamily investors.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

3.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

724 E 32nd St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,441 SF

ZONING

LARD1.5

APN/PARCEL ID

5120-024-004

ASK ABOUT THIS PROPERTY

Stephen WatsonTotal Realty GroupMore Info
213-446-3636

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Stephen WatsonTotal Realty GroupMore Info
213-446-3636

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