Apartment Buildings /CA /Los Angeles County /Los Angeles /1150 Masselin Ave
Apartment Buildings /CA /Los Angeles County /Los Angeles /1150 Masselin Ave

1150 Masselin Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City | 
$2,895,000 USD
310-424-7024
1150 Masselin Ave, Los Angeles, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/38
null | 4.45% Cap Rate
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1150 Masselin Ave
Los Angeles, CA 90019
Mid-City

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HIGHLIGHTS

  • Interest Only Assumable Loan – 3.15% through April 2031
  • Excellent Unit Mix offering all 1 & 2 Bedroom Units
  • Spacious Units Averaging Approx. 877 SF Each
  • Approximately Over 53% Rental Upside!
  • Potential ADU Opportunities via SB 1211

OVERVIEW

This property offers an excellent unit mix of 1 & 2 bedroom units. Each unit averages approximately 877 square feet, with a private balcony/patio space for select units. 4 of the units have been extensively renovated.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

10

PRICE/UNIT

$289,500

CAP RATE

4.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,296 SF

ZONING

LAR3

APN/PARCEL ID

5085-019-018

ASK ABOUT THIS PROPERTY

Jordan AsheghianLyon Stahl Investment Real EstateMore Info
310-424-7024

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Jordan AsheghianLyon Stahl Investment Real EstateMore Info
310-424-7024

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

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