5555 W 8th St - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$6,400,000 USD
310-857-6616
5555 W 8th St, Los Angeles, CA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/41
null | 5.16% Cap Rate

5555 W 8th St
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Located in the Heart of Mid Wilshire - known for its diverse culture and vibrant community.
  • 95% Walking Score
  • Nearby attractions include the Los Angeles County Museum of Art (LACMA), a popular cultural institution showcasing art from around the world.
  • Mid-Wilshire offers an unparalleled dining experience, featuring some of Los Angeles’ top restaurants.
  • 27 Parking Spaces
  • Mid-Wilshire offers residents a perfect blend of urban convenience and green spaces

OVERVIEW

**Unbeatable ROI Potential**: This prime Multi-Family property at 5555 W 8th St. offers an unparalleled opportunity for investors seeking a high return on investment. **Cash Flow**: Prepare to reign supreme in cash flow with this investment gem. With current rents 35.43% below market rates, Mid-Wilshire presents a prime opportunity for investors to capitalize on significant rental growth potential, enhancing long-term returns in this highly desirable neighborhood. **Value-Add Paradise**: Unlock the full potential of this property and watch your investment soar. 6 out of the 24 units are ready for a savvy Investor to renovate and maximize rental income. **Location, Location, Location**: Situated in a thriving area with strong economic growth and a bustling rental market, this property at 5555 W 8th St. promises not just a solid ROI but also long-term appreciation potential. **Investment Security**: Rest easy knowing that this Multi-Family property offers not just high returns but also investment security. **With a high percentage of month-to-month tenants, this property offers a lucrative chance for savvy investors to maximize their ROI. Don't miss out on the possibilities awaiting at 5555 W 8th St.!

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

24

PRICE/UNIT

$266,667

CAP RATE

5.16%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wilshire 5555

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LAR4

APN/PARCEL ID

5089-005-008

ASK ABOUT THIS PROPERTY

Josue NajeraIn Real EstateMore Info
310-857-6616

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Josue NajeraIn Real EstateMore Info
310-857-6616

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