844 W Martin Luther King Jr Blvd - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$3,500,000 USD
323-376-2469
844 W Martin Luther King Jr Blvd, Los Angeles, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/12
null | 7.02% Cap Rate

844 W Martin Luther King Jr Blvd
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Opportunity to Buy 24 Units Near USC
  • Offered at a 7.02% CAP Rate
  • Electrical Panels Recently Replaced
  • Across the Street from the LA Coliseum
  • Situated on a Double Lot (11,094 SF)

OVERVIEW

844-846 W. Martin Luther King Junior Boulevard presents the opportunity to purchase two (2) contiguous 12-unit apartment buildings directly across the street from the LA Coliseum, home of the USC Trojans football games. The properties are conveniently located a short drive to the 110 Freeway and within walking distance to BMO Stadium which is the home of the LAFC soccer matches. The property boasts twenty-three (23) studio units and one (1) one-bedroom unit. Each unit is separately metered for electricity, and the exterior electrical panels were recently replaced on both buildings. The buildings are situated on a double lot of over 11,000 square feet of land zoned LAR3, which is suitable for future development.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

24

PRICE/UNIT

$145,833

CAP RATE

7.02%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,160 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5019-001-025,5019-001-026

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

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