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Listed by Logan Altman • Altman Apartments LLC
$3,985,000
Est. payment /mo
7,312 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,312 sqft
Price per Sqft $544
MLS Listing ID CRSR25079856
HOA Y/N No
Year Built 1925
Lot Size 6,253 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
This 23-unit 1920's building in South LA consists of three 1-bedrooms and 20-studios. Built in 1925 and newly renovated with Certificate of Occupancy in 2024, this property is fully occupied. Three new units were added to the existing floorplan and 16 units were separately metered for electricity. This building is priced to sell at a 7.0% cap rate on current income with the potential for 13.3% more rental upside.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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