1418 Isabel St - Apartments FOR SALE


Los Angeles, CA 90065- Cypress Park
$1,250,000 USD
818-546-1212
1418 Isabel St, Los Angeles, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/10
null | 5% Cap Rate

1418 Isabel St
Los Angeles, CA 90065
Cypress Park


HIGHLIGHTS

  • Located in the highly coveted renter’s pocket of Glassell Park, nestled between Eagle Rock, and Atwater Village
  • Great opportunity to acquire an updated income property in an emerging market
  • The property consists of four (4) one (1) bed one (1) bath units - fully leased and separately metered
  • Plans for two 1bd/1ba ADUs, rent at market value adding to the tremendous upside

OVERVIEW

Specialized Realty proudly presents the sale of 1418-1424 Isabel St. , an updated 4-unit income property with plans for two (2) 1bd/1 ba ADUs adding to the tremendous upside! Located in the highly coveted renter’s pocket of Glassell Park, it is an amazing investment opportunity to acquire a property strategically nestled between Eagle Rock, and Atwater Village, minutes away from Dodger Stadium and DTLA! The property consists of four (4) one (1) bed one (1) bath units covering 1,637 SF of building area on a sizeable 9,000 SF lot Zoned R1. Current gross rents total $7,347/mo, with 3 out of 4 tenants paying market value. This is a great opportunity to acquire an income property in an emerging market, priced to sell for only $312,500 a door with the ability to add 2 more units.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$764 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glassell Park 4-unit: 1418-1424 Isabel St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

R1

APN/PARCEL ID

5454-030-001

ASK ABOUT THIS PROPERTY

Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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