41-Unit Portfolio Multi-Family FOR SALE


Los Angeles, CA - Park Mesa Heights
$8,090,000 USD
310-344-8218
, Los Angeles, CA for Sale
$8,090,000 USD
Multi-Family - FOR SALE
1/13
null | 7.2% Cap Rate

41-Unit Portfolio
Los Angeles, CA
Park Mesa Heights


HIGHLIGHTS

  • Extensive rehab & new dual-pane windows throughout
  • Extensive rehab & new dual-pane windows throughout
  • Gated pedestrian and car access
  • Seismic retrofit completed
  • 2 APNs, double lot at West bldgs

OVERVIEW

24 units on over 20K sq. ft. ADU potential, too. 17 units along the Metro K Line in the Crenshaw Corridor. ECONOMIES OF SCALE NEAR VIEW HEIGHTS. First, a 24-unit complex made up of two 12-unit buildings that share a common, secured entry. There's an inherent efficiency of operation, here - two 12-unit buildings on each parcel; therefore, NO state-mandated on-site manager, required. Most units rehabbed over the recent past and dual-pane windows, throughout. Large lots - ADU additions possible in the rear. Second, a 17-unit in the gentrifying Crenshaw Corridor. A hotbed of new private and municipal investment; for example, there are newer-construction apartments next door and across the street - and the Crenshaw Corridor Specific Plan includes the Metro K Line. This building has secured pedestrian and car access, newer dual-pane windows and has been seismically-retrofitted. BOTH ASSETS BENEFIT FROM CONSCIENTIOUS MAINTENANCE, THOUGHTFUL REHAB AND UPGRADES. STRONG MANAGEMENT AND OWNERSHIP, OVER THE YEARS. 6736-6800 West Blvd. 24 units on 2 lots of almost 21K sq. ft. total 9.45 GRM, 7.10% Cap Rate Exclusively Listed at $4,895,000 6121 Crenshaw Blvd. 17 units on an almost 11K sq. ft. lot 9.37 GRM, 7.24% Cap Rate Exclusively Listed at $3,195,000 Buildings can be sold separately. Email or call with questions or interest.

ASK ABOUT THIS PROPERTY

310-344-8218

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

310-344-8218

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