Properties

Property Description

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.Each subject property is located within densely populated submarkets of Los Angeles with rising rents year-over-ye

Features
: Other
: Other
Address Map
42nd
748
Street
0
W119° 44' 14.8''
N34° 0' 26.2''
Destination will be on the right on East 42nd Street.
E
MLS Addon
Marcus & Millichap
Neema Ahadian
Claw
6
151854
140413
5,258 Sqft
0
Attached
0
0
East
No
$0
$0
: Other
: Uncovered
4
: Standard
LAR2
Sale

Residential Income For Sale

748 42nd Street, Los Angeles (City), California 90011

6 Bedrooms
3,104 Sqft
$800,000
Listing ID #684465994
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 684465994
Price : $800,000
Bedrooms : 6
Sqft : 3,104 Sqft
Year Built : 1956
Lot Area : 0.12 Acre
Price Per SQFT : $258
Property Sub Type : Residential Income
Status : Active
Agent info
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