613 S Dunsmuir Ave - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$2,295,000 USD
323-842-0445
613 S Dunsmuir Ave, Los Angeles, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/6
null | 4.19% Cap Rate

613 S Dunsmuir Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Located in Prime Miracle Mile area
  • Over 50% upside on current rents

OVERVIEW

Great Opportunity to acquire an 8 unit Multi-Family building in the Miracle Mile area of Los Angles. Comprised of Large Aprox 800 sq ft Units with a lot of the original architectural characteristics of the 1930s, including tile, Moldings and flooring. Each unit is separately metered for gas and electric. 8 covered garage spots in the back parking lot. Aprox 50% upside potential from current rents. 5 out of the 8 units are due for immediate Increases. First time on the market in 20 years. Priced to Sell. No showings without accepted offer.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

8

PRICE/UNIT

$286,875

CAP RATE

4.19%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,802 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5508-011-011

ASK ABOUT THIS PROPERTY

Josh TomaszewskiJRM PropertiesMore Info
323-842-0445

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Josh TomaszewskiJRM PropertiesMore Info
323-842-0445

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