234 N Chicago St - Apartments FOR SALE


Los Angeles, CA 90033
$3,025,000 USD
818-309-3935
234 N Chicago St, Los Angeles, CA for Sale
$3,025,000 USD
Apartments - FOR SALE
1/3
null | 7.15% Cap Rate

234 N Chicago St
Los Angeles, CA 90033


HIGHLIGHTS

  • Attractive assumable loan at 3.325% fixed until July 2026 with a loan amount of $1,760,000

OVERVIEW

This 22-unit apartment building in Boyle Heights is a great value add opportunity. Fill the current vacancies with Section 8 vouchers and there is approximately 63% rent upside! The unit mix of Bachelors, Singles and 1 bedroom units are separately metered for electricity and master metered for gas. There is an attractive assumable loan at 3.325% fixed until July 2026 with a loan amount of $1,760,000.

FOR SALE DETAILS

PRICE

$3,025,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

22

PRICE/UNIT

$137,500

CAP RATE

7.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5183-003-022

ASK ABOUT THIS PROPERTY

Henry GarciaLA Apartment GroupMore Info
818-309-3935

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Henry GarciaLA Apartment GroupMore Info
818-309-3935

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