Just Listed – 4-Unit Apartment in Jefferson Park

Just Listed – 4-Unit Apartment in Jefferson Park

Lyon | Stahl Investment Real Estate is pleased to present 2020 W 35th St, a 4-unit apartment complex for sale in Los Angeles!


Listed at $950,000, this property was built in 1945 and has a cap rate of 4% and a GRM of 16.05


Investment Overview:

  • Two-Story 4-unit apartment complex located in Jefferson Park
  • Great unit mix, all 2 bed / 1 bath units
  • (4) On-site parking spaces in the rear
  • One unit will be delivered vacant, possibility of being delivered with two vacancies
  • Market CAP: 7.78%
  • Market GRM: 9.85

 

County Overview:

The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates.  According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.

Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well-educated labor pool, many universities, wonderful climate, and world-class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.

 

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