2522-2526 Alcazar St - Apartments FOR SALE


Los Angeles, CA 90033
$1,250,000 USD
310-562-9630
2522-2526 Alcazar St, Los Angeles, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 6.17% Cap Rate

2522-2526 Alcazar St
Los Angeles, CA 90033


HIGHLIGHTS

  • Under 11.5 GRM!
  • Built in 1986, This Property is Only Subject to AB 1482 Rent Control = 8.8% per Year Increases
  • 1 Unit Vacant & 2 Tenants Due For An Annual Rent Increase
  • Located Just 2 Blocks From USC KECK Medical School and LA County Hospital - This Pocket is Favored by USC Medical Students
  • Very close to Lincoln Heights, El Sereno, City Terrace and Boyle Heights - easy access to 10 and 5 fwys

OVERVIEW

*1 Unit Vacant* 2526 Alcazar Street is an ideal value-add investment located just blocks from KECK Medicine of USC and the USC Health Sciences Campus. This area around the campus is flourishing with new developments, a Hyatt hotel, student housing, and more. Built in 1986, the property is only subject to AB 1482 Rent Control, which is significantly more favorable than the city or county rent control. The property features a very large 2 story townhouse style 3Br+2.5Ba apartment in the front of the building, and two 2Br+1Ba apts and two 1Br+1Ba apts. The lot is over 7,500 SF with rear open parking and potential for ADUs.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

6.17%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units - AB 1482 Rent Control!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

5202-016-025

ASK ABOUT THIS PROPERTY

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310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

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