440-470 W 79th St - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$5,350,000 USD
310-621-8221
440-470 W 79th St, Los Angeles, CA for Sale
$5,350,000 USD
Apartments - FOR SALE
1/34
null | 7.05% Cap Rate

440-470 W 79th St
Los Angeles, CA 90003
South Central LA


HIGHLIGHTS

  • New listing price of $5,350,000 at a 7.05% Cap Rate & 8.82 GRM!

OVERVIEW

PRICE REDUCED BY $445,000 SUBMIT ALL OFFERS! LA Victoria Apartments is an apartment community constructed in 1946. The property totals 21,959 gross square footage and consists of (7) One-Bedroom/One-Bathroom unit, (20) Two-Bedroom/One-Bathroom units and (2) Retail units, overall totaling 790 square feet per unit. The property has 20 garage spaces and 3 open spaces. In addition, the property could potentially have upwards of 8 ADU units built on top of the existing garages and the retail space could also be converted into 1 adu units. Buyer to further investigate ADU potential. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

27

PRICE/UNIT

$198,148

CAP RATE

7.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7% Cap Rate/8.8 GRM in Los Angeles-29 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,239 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

6032-029-010,6032-029-011

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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