7516 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90047
$1,350,000 USD
818-692-1112
7516 S Western Ave, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | 7.11% Cap Rate

7516 S Western Ave
Los Angeles, CA 90047


HIGHLIGHTS

  • UNIT MIX: FOUR 1+1 & TWO 2+1 UNITS
  • TWO VACANT UNITS IN RENT READY CONDITION
  • SURVEILANCE SYSTEM
  • NEW BUILDING AND UNIT NUMBERS
  • LARGE PARKING AREA WITH 6 SPACES
  • SEPERATELY METERED FOR GAS & ELECTRICITY

OVERVIEW

The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready vacant units. The building amenities include a large parking area with six total spaces, and the property is separately metered for both gas & electricity. Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

7.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C2

APN/PARCEL ID

6018-016-014

ASK ABOUT THIS PROPERTY

Ian HollingerBRC Advisors - BH, Inc.More Info
818-692-1112

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Ian HollingerBRC Advisors - BH, Inc.More Info
818-692-1112

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