145 E Avenue 35 - Apartments FOR SALE


Los Angeles, CA 90031- Montecito Heights
$999,999 USD
323-376-2469
145 E Avenue 35, Los Angeles, CA for Sale
$999,999 USD
Apartments - FOR SALE
1/14
null | 5.22% Cap Rate

145 E Avenue 35
Los Angeles, CA 90031
Montecito Heights


HIGHLIGHTS

  • Approximately 63% Rental Upside
  • Priced Below $145,000 Per Unit
  • Low Inventory Montecito Heights Submarket
  • Short Distance to Metro Gold Line Station
  • Unit Mix Includes 1-Bedroom & 2-Bedroom Units

OVERVIEW

145 E Avenue 35 is a 7-unit apartment building located in the neighborhood of Montecito Heights. The property is a short drive to the Heritage Square Museum and is in close proximity to the Metro Gold Line station. The unit mix includes five (5) one-bedroom units and two (2) two-bedroom units spread across 3,778 rentable square feet. The property was built in 1908 and is separately metered for gas and electricity and offers approximately 63% upside in rents.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$265 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,857

CAP RATE

5.22%

% 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

1908

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,924 SF

ZONING

LAR1, Los Angeles

APN/PARCEL ID

5207-003-010

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

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