917 E 40th Pl - Multi-Family FOR SALE


Los Angeles, CA 90011- Vernon-Main
$950,000 USD
949-308-5775
917 E 40th Pl, Los Angeles, CA for Sale
$950,000 USD
Multi-Family - FOR SALE
1/15
null | 4.17% Cap Rate

917 E 40th Pl
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • Fully Occupied w/ Huge Upside in Rents.
  • Big Lot Priced Below Market at $75/land SF.
  • Value Add Opportunity

OVERVIEW

This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are currently tenant occupied w/ good rent histories, no delinquencies, and the property offers huge upside in the rents allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use by tenants & guests. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

7

PRICE/UNIT

$135,714

CAP RATE

4.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units on Big Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,567 SF

ZONING

RD1.5

APN/PARCEL ID

5114-012-028

ASK ABOUT THIS PROPERTY

Brian NohNOHCO Real EstateMore Info
949-308-5775

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

Brian NohNOHCO Real EstateMore Info
949-308-5775

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