1320 W 97th St - Apartments FOR SALE


Los Angeles, CA 90044
$1,895,000 USD
213-797-7025
1320 W 97th St, Los Angeles, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/11
null | 7.29% Cap Rate

1320 W 97th St
Los Angeles, CA 90044


OVERVIEW

Julian Bloch & Kingside Investment Group is proud to present 1320 W. 97th Street is an eight (8) unit apartment situated on approximately 6,503 square feet of land (0.15 acres) in unincorporated South Los Angeles. Unit composition includes four (4) one-bed/one-bath units and four (4) two-bed/one-bath units measuring 683 & 900 SF respectively. 1. TURN-KEY PROPERTY ACHIEVING ABOVE MARKET RENTS. 2. EXTRMELEY RARE 7.29% CAP RATE WITH RENTAL UPSIDE 3. LARGE UNITS AVERAGING OVER 750 SQUARE FEET 4. ELIGIBLE FOR 72% LTV FINANCING 5. POTENTIAL TO CONVERT THE PARKING AREAS INTO ADDITIONAL ADU’S

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

8

PRICE/UNIT

$236,875

CAP RATE

7.29%

% 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

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,504 SF

ZONING

R320U, Los Angeles

APN/PARCEL ID

6056-016-017

ASK ABOUT THIS PROPERTY

Julian BlochKW Commercial SoCalMore Info
213-797-7025

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Julian BlochKW Commercial SoCalMore Info
213-797-7025

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