934 Centennial St - Multi-Family FOR SALE


Los Angeles, CA 90012- Echo Park
$1,100,000 USD
213-943-1897
934 Centennial St, Los Angeles, CA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/9
null | 6.96% Cap Rate

934 Centennial St
Los Angeles, CA 90012
Echo Park


HIGHLIGHTS

  • 100% vacant, allowing new ownership to immediately re-tenant at market rents
  • Situated in a dense pocket between DTLA and Echo Park, offering residents convenient access to dining, entertainment, and major employment centers
  • With a Walk Score of 80 (“Very Walkable”), most daily errands can be accomplished on foot
  • Close to Dodger Stadium, a premier Los Angeles landmark and key venue for the 2028 Summer Olympics
  • Long-Term Ownership - Owned and operated for the past 10 years

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 3-unit apartment community located at 934 Centennial Street. The subject property is situated east of Sunset Boulevard and just north of the 110 and 101 Freeways interchange, in the neighborhood immediately adjacent to Dodger Stadium. Positioned on a 6,750-square-foot parcel, the property is comprised of one one-bedroom unit, one two-bedroom unit, and one four-bedroom unit. The property is currently vacant, allowing new ownership to re-tenant and achieve market rents. Additionally, the property offers four on-site parking spaces, a valuable amenity in a neighborhood where parking is in limited supply. The property benefits from close proximity to Downtown Los Angeles and Echo Park, offering residents convenient access to dining, entertainment, and major employment centers. Downtown Los Angeles and Echo Park continue to experience significant investment and revitalization, driving sustained neighborhood growth and strong demand for housing. 934 Centennial Street is well-positioned to capitalize on this ongoing expansion and the strengthening of these sought-after submarkets. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Income and Expenses are based entirely off projections and do not represent the current performance of the property.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

6.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3-Units Located Between Echo Park & DTLA

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

LAR4

APN/PARCEL ID

5406-025-005

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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