811 W 97th St - Apartments FOR SALE


Los Angeles, CA 90044
$2,495,000 USD
949-306-1175
811 W 97th St, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/10
null | 7.49% Cap Rate

811 W 97th St
Los Angeles, CA 90044


HIGHLIGHTS

  • UNIT MIX: SIX 1+1 & FOUR 2+1 UNITS
  • SEVEN UNITS HAVE BEEN RECENTLY RENOVATED
  • NEW EXTERIOR PAINT AND LIGHTS
  • NEW BUILDING AND UNIT NUMBERS
  • LARGE PARKING AREA WITH 10 SPACES
  • SEPERATELY METERED FOR GAS & ELECTRICITY

OVERVIEW

The unit mix consists of six 1+1 and four 2+1 units. The investment consists of approximately 6,670 of rentable square feet and is situated on an approximately 10,000 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, onsite laundry for additional income, and the property is separately metered for both gas & electricity. The unit mix consists of six 1+1 and four 2+1 units. The investment consists of approximately 6,670 of rentable square feet and is situated on an approximately 10,000 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, onsite laundry for additional income, 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. Seller is a licensed real estate broker in the state of California.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,500

CAP RATE

7.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

LARD2

APN/PARCEL ID

6054-001-019

ASK ABOUT THIS PROPERTY

Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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