1928 S Garth Ave, Los Angeles, CA 90034

1928 S Garth Ave, Los Angeles, CA 90034

Los Angeles, CA
$1,875,000

Property Description

We are pleased to have closed this pride of ownership 6-unit apartment building located in the La Cienega Heights area of Los Angeles at 1928 S Garth Ave. This very well-maintained 6,133 sq ft building is situated on a 6,304 sq ft lot. Built-in 1962, this property consists of (5) 3-bed/2-bath, and (1) studio units. The current owner of this property is also selling another 6 unit building only a couple of blocks away located at 1931 Shenandoah St. Please look up the listing for property details. Seller is open to selling both buildings together or separately.

Property Features

  • Sale Price: $1,875,000
  • Area Size: 6,133 SF
  • Land Area: 6,304 SF
  • Year Built: 1962
  • Listing Date: 8/21/2020
  • Closing Date: 12/18/2020
  • Units: 6
  • Current GRM: 16.58
  • Current Cap Rate: 3.53%
  • Price Per Unit: $333,333
  • Market GRM: 9.58
  • Market Cap Rate: 7.72%
  • Current NOI: $70,569