3701 W 9th St - Apartments FOR SALE


Los Angeles, CA 90019- Koreatown
$3,800,000 USD
310-382-6705
3701 W 9th St, Los Angeles, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/17
null | 6.5% Cap Rate

3701 W 9th St
Los Angeles, CA 90019
Koreatown


HIGHLIGHTS

  • Incredibly Spacious Units with 12 One-Bedrooms and 20-Singles - approximately 34% Upside in Rents
  • Delivered with six vacancies in solid condition
  • Numerous capital improvements: New Roof, Updated Electrical Subpanels & Various Copper Plumbing Upgrades
  • Independently metered for Electricity
  • Charming Neighborhood with walkable location on the South End of Koreatown
  • To be sold with the R4-zoned duplex located at 863 S. St. Andrews Place

OVERVIEW

Don't miss this very-well located 1920s vintage apartment building on the South side of Koreatown. This property features 12 one-bedroom apartments and 20 singles with incredibly spacious floor plans offering efficient layouts and plenty of natural light - and upside potential of ~34% from current to market. Excellent systems work completed by ownership including a new roof, updated electrical subpanels, Division 88 retrofit, and various copper plumbing upgrades. The property is independently metered for electricity with a central gas meter. This property is offered with the adjacent R4-Zoned duplex (863 S. St. Andrews Place) which features a 2,800 SF building and 7,505 SF lot - ideal for investment or future development.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

32

PRICE/UNIT

$118,750

CAP RATE

6.5%

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

32 Spacious Units with an Attractive Basis

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

LAR4

APN/PARCEL ID

5092-024-010

ASK ABOUT THIS PROPERTY

Everett WongGreysteelMore Info
310-382-6705

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Everett WongGreysteelMore Info
310-382-6705

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