145 W Colden Ave - Apartments FOR SALE


Los Angeles, CA 90003
$700,000 USD
818-212-2694
145 W Colden Ave, Los Angeles, CA for Sale
$700,000 USD
Apartments - FOR SALE
1/8
null | 3.12% Cap Rate

145 W Colden Ave
Los Angeles, CA 90003


HIGHLIGHTS

  • Excellent Unit Mix: (1) 3Bd/1Ba, (4) 2Bd/1Ba Units
  • Significant Value-Add Opportunity - 113% in Rental Upside
  • Potential for ADU (Buyer to verify)
  • Gated Entry
  • On-Site Parking
  • Separately Metered Gas and Electricity

OVERVIEW

Marcus and Millichap is pleased to present the exceptional opportunity to acquire a fully occupied 5-unit multifamily property in the Broadway-Manchester neighborhood of South Los Angeles. Built in 1960, this property features (1) 3Bed/1 Bathroom Unit and (4) 2Bed/1 Bathroom Units. Together, they offer a total of 3,132 square feet of rentable space on a 6,596 square foot lot. Security and convenience are paramount, with features such as separate metering for gas and electricity, gated controlled access, and an on-site parking lot with (7) spaces. With an average rent of $980 per unit, this opportunity provides an astute investor the potential to capture 113% upside in rental income as tenants move or relocate. Strategically located just north of West Century Blvd and east of South Broadway, the property enjoys seamless connectivity to the 110 and 105 Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Main St. and Colden Ave.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

5

PRICE/UNIT

$140,000

CAP RATE

3.12%

% 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

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,584 SF

ZONING

R2

APN/PARCEL ID

6053-008-017

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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