642 W 74th St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,395,000 USD
310-480-2130
642 W 74th St, Los Angeles, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/14
null | 6.44% Cap Rate

642 W 74th St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • This investment opportunity features a current Cap Rate of 6.44%, GRM of 9.75 and rental upside of about 44% +/-!
  • Unit mix consists of (five) large 2 Bedroom units and (two) 1 Bedroom units. Several units have not been turned, allowing a new owner to continue im
  • Units are individually metered for gas and electricity, with ample covered parking at the rear of the property.
  • Units have laundry hookups!

OVERVIEW

This 7-unit multifamily apartment offers an outstanding investment opportunity with strong cash flow and rental upside potential of approximately 44% +/-. Priced very competitively at a 6.44% Cap Rate and 9.75 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. The property features a unit mix of (5) two bedroom units and (2) one bedroom units, all of which are individually metered for gas and electricity, and also feature laundry hookups! The area has traditionally been a strong rental market, and units are in high demand. For more information, please contact Josh Cohen at 310-480-2130 or josh@cohengroupla.com.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

7

PRICE/UNIT

$199,286

CAP RATE

6.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

6020-023-010

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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