3216 Division St - Apartments FOR SALE


Los Angeles, CA 90065- Cypress Park
$1,930,000 USD
818-546-1212
3216 Division St, Los Angeles, CA for Sale
$1,930,000 USD
Apartments - FOR SALE
1/18
null | 5.44% Cap Rate

3216 Division St
Los Angeles, CA 90065
Cypress Park


HIGHLIGHTS

  • Updated and fully leased 6-unit income property located in highly coveted renter's pocket of Glassell Park
  • The property consists of five 1bd/1ba units and one 2bd/1ba unit
  • Amazing investment opportunity to acquire a property strategically nestled between Eagle Rock, Atwater Village, minutes away from Dodger Stadium!
  • Excellent unit mix, separately metered, five of six units paying market rent

OVERVIEW

Specialized Realty proudly presents the sale of 3216 – 3218 Division St. , an updated and fully leased 6-unit income property comprised of 3 separate buildings. Located in the highly coveted renter’s pocket of Glassell Park, it is an amazing investment opportunity to acquire a property strategically nestled between Eagle Rock, Atwater Village, minutes away from Dodger Stadium and DTLA! The property consists of five (5) 1bd/1ba units and one (1) 2bd/1ba unit covering 2,886 SF of total building area on a sizeable 7,443 SF lot Zoned RD2-1. Current gross rents total $12,151/mo, with 5 out of 6 tenants paying market value. This is a great opportunity to acquire an income property in an emerging market, priced to sell for only $321,667 a door.

FOR SALE DETAILS

PRICE

$1,930,000 USD

PRICE/SF

$669 USD /SF

# OF UNITS

6

PRICE/UNIT

$321,667

CAP RATE

5.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glassell Park 6-unit: 3216-3218 Division St

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

0.17 AC

LAND SF

7,443 SF

ZONING

RD2-1

APN/PARCEL ID

5455-003-016

ASK ABOUT THIS PROPERTY

Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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Artak DovlatyanSpecialized Realty, Inc.More Info
818-546-1212

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