6824 N Figueroa St - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$2,200,000 USD
310-742-9964
6824 N Figueroa St, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/2
null | 6.06% Cap Rate

6824 N Figueroa St
Los Angeles, CA 90042
Eagle Rock


HIGHLIGHTS

  • Compelling Value-Add with Average Rents of $1,345 Compared to $1,931 Pro Forma - 44% Upside
  • Basement with Conversion Potential
  • Excess Basement Space with ADU Conversion Potential
  • Convenient Access to Figueroa Street and Colorado Boulevard

OVERVIEW

WDIS, Inc., as the exclusive advisor, is pleased to present Annandale Manor (the “Property”) for sale a 16-unit, 1920's-character apartment building with basement space with conversion potential. Residents of Annandale Manor benefit from exceptional accessibility to the vibrant retail corridors of Highland Park and Eagle Rock, along Figueroa Street and Colorado Street, respectively. Strategically positioned between the 110 and 134 freeways near the Metro A Blue Line, this prime location offers unmatched convenience, appealing to the area's growing base of affluent residents who value proximity to urban amenities and easy access to major employment hubs.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$300,000 Price Reduction | Value-Add

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,530 SF

ZONING

LARD1.5

APN/PARCEL ID

5483-018-003

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

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