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$1,595,000
Est. payment /mo
4,804 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26092550
HOA Y/N No
Year Built 1931
Lot Size 4,804 Sqft
Property Sub-Type Apartment
Property Description
2744 S Redondo Boulevard presents an opportunity to
acquire a well-located 4-unit multifamily property in the
desirable West Adams neighborhood of Los Angeles. The
property features a highly desirable unit mix consisting of (4)
3 bedroom/1 bath units, currently generating just over $11,000
in monthly rental income.
Priced at $398,750 per unit and $364.82 per square foot, the
property provides investors with an opportunity to acquire a
large-unit asset in one of Los Angeles' most sought-after
rental submarkets. The property is currently operating at a
5.90% cap rate with approximately 24% rental upside,
presenting meaningful potential to increase cash flow
through rent growth.
The property is ideally located in West Adams, offering
convenient access to Downtown Los Angeles, University of
Southern California, and major transportation corridors
including Interstate 10 and Interstate 110, providing
connectivity to major employment, retail, and entertainment
destinations throughout Los Angeles.
acquire a well-located 4-unit multifamily property in the
desirable West Adams neighborhood of Los Angeles. The
property features a highly desirable unit mix consisting of (4)
3 bedroom/1 bath units, currently generating just over $11,000
in monthly rental income.
Priced at $398,750 per unit and $364.82 per square foot, the
property provides investors with an opportunity to acquire a
large-unit asset in one of Los Angeles' most sought-after
rental submarkets. The property is currently operating at a
5.90% cap rate with approximately 24% rental upside,
presenting meaningful potential to increase cash flow
through rent growth.
The property is ideally located in West Adams, offering
convenient access to Downtown Los Angeles, University of
Southern California, and major transportation corridors
including Interstate 10 and Interstate 110, providing
connectivity to major employment, retail, and entertainment
destinations throughout Los Angeles.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Park, Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5049025005
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae
Special Listing Condition Standard
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Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908, DRE #02250000
Nearby Schools & Businesses
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