886-894 E 43rd Pl - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$1,600,000 USD
310-467-7581
886-894 E 43rd Pl, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/19
null | 8.37% Cap Rate

886-894 E 43rd Pl
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles
  • Two adjacent lots measuring 13,494 square feet that is zoned LARD2
  • Great unit mix consisting of (3) 2 Bed / 1 Bath, (3) 3 Bed / 1 Bath and (1) 4 bed / 1 Bath units spread out over 6,508 square feet
  • Excellent current cap rate offering investor cash flow day one with huge upside potential. There is ADU potential as well. Buyer to verify.

OVERVIEW

Part of a 4 Building Portfolio! Can be sold individually or as a portfolio. 886-894 E 43rd Pl offers investors excellent in-place cash flow on day one with the benefit of additional upside in rents. The subject property offers an investor a great unit mix consisting of (3) 2 Bed / 1 Bath, (3) 3 Bed / 1 Bath and (1) 4 Bed / 1 Bath units. The offering consists of 2 separate buildings on 2 adjacent parcels totaling 13,494 square feet of land that is zoned LARD2. The total square footage of the buildings is 6,508 square feet with one building being built in 1925 and the other built in 1960.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

8.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

LARD2

APN/PARCEL ID

5115-013-007,5115-013-008

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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