234 N Chicago St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$2,975,000 USD
818-309-3935
234 N Chicago St, Los Angeles, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/3
null | 7.52% Cap Rate

234 N Chicago St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Approx 23% Rental Upside
  • 7.52% CAP at List Price
  • 7.93 GRM at List Price

OVERVIEW

Just Reduced! This 22-unit apartment building in Boyle Heights constructed of wood frame is a great value add opportunity. The unit mix of Bachelors, Singles and 1 bedroom units are separately metered for electricity and master metered for gas. The building has newer electrical panels. There is approximately 23% rental upside. This building is attractively priced at just under 8 GRM and a 7.5% CAP.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

22

PRICE/UNIT

$135,227

CAP RATE

7.52%

% 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 GarciaRise Real EstateMore Info
818-309-3935

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Henry GarciaRise Real EstateMore Info
818-309-3935

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