227 E 52nd St - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$1,595,000 USD
818-212-2696
227 E 52nd St, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/11
null | 7.58% Cap Rate

227 E 52nd St
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • Individually Metered for Gas & Electricity
  • Fourteen parking spaces
  • Professionally Managed
  • High Rental Demand Area
  • Proximity to South Park Recreational Center

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 227 East 52nd Street, an 8-unit multifamily property in the South Park neighborhood of South Los Angeles. This two-story building, constructed in 1910, is situated on a 9,501 square foot lot and features 4,510 square feet of rentable space. The property is composed of four studio units, two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity, and tenants enjoy the benefits of on-site laundry, gated access, and 14 uncovered parking spaces at the rear of the property. The property is professionally managed and well-maintained. Buyers are encouraged to verify the accuracy of all building records and data. Located north of Slauson Avenue and east of Broadway, the subject property is within a short distance of multiple public transportation stops along Main Street. The property is also within half a mile from South Park Recreational Center, Dr. Maya Angelou Community High School, and South Los Angeles Wetlands Park and within a mile from LA Academy Middle School. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

7.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,776 SF

ZONING

R2, Los Angeles

APN/PARCEL ID

5109-007-022

ASK ABOUT THIS PROPERTY

Sara VitaMarcus & MillichapMore Info
818-212-2696

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Sara VitaMarcus & MillichapMore Info
818-212-2696

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