331 S Avenue 20 - Apartments FOR SALE


Los Angeles, CA 90031
$960,000 USD
213-233-4363
331 S Avenue 20, Los Angeles, CA for Sale
$960,000 USD
Apartments - FOR SALE
1/6
null | 4.79% Cap Rate

331 S Avenue 20
Los Angeles, CA 90031


HIGHLIGHTS

  • Prime Lincoln Heights Location - Located South of the 5 Freeway and Walking Distance to N Broadway
  • Located 1 Mile from USC Health Sciences Campus and a Short 10 Minute Drive to Cal State LA
  • Walk Score of 81
  • Significant Upside in Rental Income

OVERVIEW

Introducing this 6-unit investment opportunity in prime Lincoln Heights. The property is comprised of six 1 bedroom,1 bath units with onsite parking. With a walk score of 81, tenants enjoy a close proximity to dining and entertainment options on North Broadway. Other area highlights include easy access to the 5 and 110 Freeways, a 1-mile drive to USC Health Sciences Campus and a short 10-minute drive to Cal State LA. Investors will further benefit from the property’s upside potential in rental income and possible ADU additions.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

6

PRICE/UNIT

$160,000

CAP RATE

4.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,278 SF

ZONING

LARD2

APN/PARCEL ID

5447-031-016

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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