7106 Flight Ave - Apartments FOR SALE


Los Angeles, CA 90045
$1,595,000 USD
424-405-3826
7106 Flight Ave, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/15
null | 4.39% Cap Rate

7106 Flight Ave
Los Angeles, CA 90045


HIGHLIGHTS

  • Six-unit apartment building in Los Angeles’ thriving Westchester neighborhood
  • All one-bed/one-bath units, four of which are single-story floor plans
  • Property features three two-car garages and shared laundry
  • Great location in an affluent submarket proximate to retail, freeways, and attractions
  • Opportunity to capture 32 percent rental upside

OVERVIEW

Marcus & Millichap is pleased to present to market 7106 Flight Avenue, a six-unit apartment building in Los Angeles’ desirable Westchester neighborhood. The property is well-located just north of the 405 Freeway conveniently near major shopping centers and proximate to downtown Culver City. 7106 Flight Avenue is a 1952 construction that offers six one-bedroom/one-bath units, four of which are single-story floor plans, and the two remaining units are situated above three two-car garages. The units are separately metered for gas and electricity and feature new windows, and the property also offers shared on-site laundry. This offering presents a great opportunity for an investor to acquire a well-located asset in a strong rental market and capture 32 percent potential upside in rents.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

6

PRICE/UNIT

$265,833

CAP RATE

4.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,218 SF

ZONING

LAR3

APN/PARCEL ID

4103-008-006

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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