2411 W 10th St - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$2,000,000 USD
213-225-7223
2411 W 10th St, Los Angeles, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/13
null | 6.04% Cap Rate

2411 W 10th St
Los Angeles, CA 90006
Pico-Union


OVERVIEW

We are proud to present 2411 W 10th Street, a 14-unit multifamily building priced at an 8.03GRM and a 6.04% CAP rate with Gas and Electric being SEPARATELY metered. This opportunity is situated just minutes away from Downtown Los Angeles and in close proximity to the 10 and 110 freeways offering tenants convenient access to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum of Los Angeles as well as a myriad of highly desirable options for dining, shopping and attractions in Koreatown. This asset is a three-story building consisting of 8,482 rentable square feet constructed in 1912, which sits on a 6,947 square foot LAR4 zoned lot. The unit mix is comprised of (2) two-bedroom one-bath, (4) one-bedroom one-bath, and (8) studio units with half of the units having been renovated with a remaining 50% upside in rents! One Studio unit will be delivered renovated and vacant. Also featured are 5 onsite uncovered parking spaces in the rear of the property. Offered at $142K per unit, $236/SF and at an 8.03 GRM on current rents with upside potential to operate at a 5.75 GRM and a 10.53% CAP Rate at market rents makes for an exceptional opportunity for any type investor looking to drive long term returns in one of the densest and premiere rental markets of Los Angeles. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

14

PRICE/UNIT

$142,857

CAP RATE

6.04%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.03GRM on Current Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,947 SF

ZONING

R4-1

APN/PARCEL ID

5136-002-010

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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