1018 E 79th St - Apartments FOR SALE


Los Angeles, CA 90001
$950,000 USD
707-225-2402
1018 E 79th St, Los Angeles, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/5
null | 8.33% Cap Rate

1018 E 79th St
Los Angeles, CA 90001


HIGHLIGHTS

  • FULLY Vacant 4 Unit
  • 8.33% CAP RATE
  • ADU Potential/4 Garage Spots
  • Estimated ± 7% Yield On Cost

OVERVIEW

We are pleased to present our newest exclusive listing in South Los Angeles. This charming Spanish style four unit property is fully vacant and presents a rare opportunity for an investor to come and put their own finishing touches, lease to their select tenants, and operate at an above average yield. The property is comprised of four large one bedroom – one bathroom units and has four covered parking spots. A new owner can explore converting the garage into an ADU or keeping as existing parking for tenants. The property is located on the corner of Central Ave and E 79th St, just a short drive north of Manchester Ave. For more information, please reach out directly to the listing agent.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

8.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD2

APN/PARCEL ID

6029-004-008

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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