16505-16509 1/2 Prairie Ave - Apartments FOR SALE


Lawndale, CA 90260
$1,950,000 USD
626-255-4255
16505-16509 1/2 Prairie Ave, Lawndale, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/29
null | 5.12% Cap Rate

16505-16509 1/2 Prairie Ave
Lawndale, CA 90260


OVERVIEW

Ideal 8 unit property. Two 4 plex parcels , property renovated in 2019 with new paint, hardscape, windows, doors and asphalt. Six units have been remodeled inside with new kitchen cabinets, quartz counter tops, ceramic tile flooring and LED lighting. New tankless water heater and plumbing fixtures. Property is within minutes to the 405 Freeway. Very stable tenant profile, all units are individually metered for gas and electricity.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$739 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,601 SF

ZONING

LNR4YY

APN/PARCEL ID

4074-019-015

ASK ABOUT THIS PROPERTY

Michael CirritoITRG CommercialMore Info
626-255-4255

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

Michael CirritoITRG CommercialMore Info
626-255-4255

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