602-608 W 75th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$3,300,000 USD
310-467-7581
602-608 W 75th St, Los Angeles, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/11
null | 7.17% Cap Rate

602-608 W 75th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Excellent current cap rate offering investor cash flow day one with huge upside potential
  • Great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath, and a 4 Bed / 2 bath single family home on the adjacent par
  • 2 adjacent parcels on a lage 14,002 square foot lot that is zoned LAR3
  • Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles

OVERVIEW

Part of a 4 Building Portfolio! Can be sold individually or as a portfolio. 602 W 75th is a 16 unit and an adjacent single family home on a separate parcel in South LA. The subject property offers an investor a great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath, and a 4 bed / 2 bath single family home on the adjacent parcel. The total gross leasable area of both properties consists of 11,152 square feet and sits on a large 14,002 square lot that is zoned LAR3.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

17

PRICE/UNIT

$194,118

CAP RATE

7.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units+ SFR

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAR3

APN/PARCEL ID

6020-021-004,6020-021-005

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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