6216-6218 Orange St - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$1,875,000 USD
310-525-5833
6216-6218 Orange St, Los Angeles, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/6
null | 4.28% Cap Rate

6216-6218 Orange St
Los Angeles, CA 90048
Beverly Grove


OVERVIEW

The Sterman Multi-Family Group of Marcus & Millichap and Michael Kamara of Lyon Stahl is pleased to present 6216 Orange St, a 5 unit apartment building located in Beverly Grove, a prime neighborhood of Los Angeles, CA. Built in 1926, the property consists of (1) studio + deck unit and (4) two-bedroom + one- bathroom units. The building is 4,681 gross square feet and sits on a 6,250 square foot lot. 6216 Orange St sits on a charming, tree-lined street in the heart of the vibrant Beverly Grove neighborhood. The area offers no shortage of things to do, from strolling through the iconic Grove outdoor shopping complex to discovering world-class exhibits at the Los Angeles County Museum of Art (LACMA). Thanks to its central location, Beverly Grove provides easy access to major freeways and public transportation, making it a well-connected hub for exploring the best of Los Angeles. 6216 Orange St represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers a initial CAP rate of 4.28% with the ability to improve to a 6.13% CAP rate once units turnover.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

5

PRICE/UNIT

$375,000

CAP RATE

4.28%

% 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

1926

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5510-027-020

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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