960 Simmons Ave - Apartments FOR SALE


Los Angeles, CA 90022
$750,000 USD
310-968-6049
960 Simmons Ave, Los Angeles, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/17
null | 4.95% Cap Rate

960 Simmons Ave
Los Angeles, CA 90022


HIGHLIGHTS

  • First Time on the Market in 38 Years | Offered at $750,000: Attractively priced at $150,000 per unit!
  • Desirable Unit Mix: Four spacious (1 Bed + 1 Bath) units plus one 1 Bed + 1 Bath single-family residence
  • Large Units: The units in the Fourplex average 800 Sq Ft each | Value Add Opportunity
  • Separately Metered for Gas & Electricity: Reduces owner expenses and supports improved operating efficiency
  • Prime Walkable Location | Whittier Blvd Corridor: Walking distance to shops, dining, and neighborhood amenities
  • Located in Unincorporated Los Angeles County: Subject to the Unincorporated LA County Rent Ordinance

OVERVIEW

We are pleased to present, for the first time on the market in 38 years, a 5 Unit multifamily investment opportunity offered at $750,000, an attractive $150,000 per unit. The property features a desirable unit mix consisting of four spacious 1 Bed / 1 Bath units plus a separate 1 Bed / 1 Bath single-family residence. The fourplex units average approximately 800 square feet each, offering larger-than-typical layouts that appeal to long-term tenants. The four units were built in 1930 and the detached SFR unit was built in 1953. The property is separately metered for gas and electricity, reducing owner expenses and supporting efficient operations. This asset presents a compelling value-add opportunity for investors seeking upside through rental growth and operational improvements. Ideally located along the Whittier Boulevard corridor, the property enjoys a highly walkable setting with convenient access to shops, dining, and neighborhood amenities. Commuters benefit from excellent freeway access, with close proximity to the 60, 5, and 710 Freeways. Situated in Unincorporated Los Angeles County, the property is subject to the Unincorporated LA County Rent Ordinance. All 5 units are occupied, no units will be delivered vacant. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

5

PRICE/UNIT

$150,000

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units | Los Angeles | $750,000 | All 1+1's

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,035 SF

ZONING

LCR3YY

APN/PARCEL ID

6339-004-009

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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