2417 S Burnside Ave, Los Angeles, CA 90016

2417 S Burnside Ave, Los Angeles, CA 90016

Los Angeles, CA
$1,400,000

Property Description

Stiegler | Takahashi Group is proud to present this 4-unit apartment building located in the West Adams area of Los Angeles. This very well-maintained 2,822 sq ft building is situated on a 5,834 sq ft lot, and consists of (4) 2bed/1bath units. All units have had general updating in the past few years. This complex offers its tenants 4 covered parking spaces, as well as shared coin operated laundry for additional annual income. Currently operating at a 5% Cap Rate with additional 30% upside. The rear building was constructed in 1963.

 

INVESTMENT HIGHLIGHTS

  • Unit Mix: (4) 2-Bed/1-Bath
  • Situated on a 5,834 SF Lot
  • 4 Covered Onsite Parking Spaces
  • 2,822 SF of Living Area
  • Current 5 CAP | 30% Upside
  • Coin Operated Shared Laundry

Property Features

  • Sale Price: $1,400,000
  • Area Size: 2,822 SF
  • Year Built: 1963
  • Listing Date: May 30, 2022
  • Units: 4
  • Current GRM: 13.93
  • Current Cap Rate: 4.97%
  • Market GRM: 11.01
  • Market Cap Rate: 6.82%