7516 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$1,350,000 USD
310-525-3711
7516 S Western Ave, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | 7.09% Cap Rate

7516 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • UNIT MIX: FOUR 1+1 & TWO 2+1 UNITS
  • FIVE UNITS HAVE BEEN RECENTLY RENOVATED
  • NEW SURVEILLANCE SYSTEM
  • LARGE PARKING AREA WITH 6 SPACES
  • SEPERATELY METERED FOR GAS & ELECTRICITY
  • ADU POTENTIAL (BUYER TO VERIFY)

OVERVIEW

We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. This 6-unit multi-family property features a well-balanced unit mix of four 1-bedroom/1-bath units and two 2-bedroom/1-bath units, in which five have been recently renovated. The property benefits from strong in-place fundamentals supported by consistent rental demand in one of Los Angeles' most established rental markets. Recent capital improvements include a new surveillance system, upgraded exterior lighting, and new building and unit numbering, enhancing curb appeal and tenant experience. Each unit is separately metered for gas and electricity, providing operational efficiency and long-term expense control. The property also has unused space on the lot, providing potential for a future ADU (buyer to verify), while also offering an on-site parking area with 6 spaces, a valuable amenity in a dense urban environment. Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

7.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C2

APN/PARCEL ID

6018-016-014

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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