540 W 49th St - Apartments FOR SALE


Los Angeles, CA 90037
$2,495,000 USD
310-279-7779
540 W 49th St, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/14
null | 5.51% Cap Rate

540 W 49th St
Los Angeles, CA 90037


HIGHLIGHTS

  • Two bungalow-style properties sit directly across the street from each other and are situated west of South Figueroa Street
  • 533 W. 49th Street features eight (8) one-bedroom/one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit
  • 540 W. 49th Street is being offered at a 6% CAP Rate and 10.5 GRM at the Asking Price
  • Both buildings are offered at a blended 5.51% CAP rate at the asking price with a significant rental upside, over 51%
  • Recent capital improvements throughout the property at 540 W. 49th St, with new roofs, new plumbing, and new electrical systems
  • Located in a dense, infill location of South Los Angeles with an easy commute to Downtown, Vernon, and the 110 or 10 Freeways

OVERVIEW

Sean Namis pleased to present a two property portfolio in the heart of South Los Angeles, located at 533 West 49th Street, and 540 West 49th Street, strategically situated directly across the street from each other. The two buildings total nineteen (19) units, with a blended 5.51% CAP rate, allowing new ownership to cashflow once acquiring the properties, while having incredible potential upside in rents, at 51%. The two bungalow style units offer rare courtyard style units for tenants and are situated west of South Figueroa Street and sits south of west Vermont Avenue. 533 West 49th Street is a nine (9) unit building, which features eight (8) one-bedroom/ one-bathroom unit, and one (1) two-bedroom unit and is offered at a low $121,000 per unit at the asking price with over 100% rental upside. 540 West 49th Street is a ten (10) unit building, which includes a number of recent capital improvements throughout the property, with new roofs, new plumbing, and new electrical systems, while offering strong cash-flow day-one, with a 6.01% CAP rate and 10.5 GRM Nestled at the core of South LA, this submarket exudes a captivating blend of historical charm and modern sophistication. Bounded by the 10 and 110 freeways and conveniently accessible via the Metro Expo Line, this neighborhood stands as a vibrant nexus of culture and commerce. The South Los Angeles submarket continues to experience rises in population, employment, property values, and development.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

19

PRICE/UNIT

$131,316

CAP RATE

5.51%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

LARD2

APN/PARCEL ID

5018-023-033

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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