252 E 79th St, Los Angeles, CA 90003
Los Angeles, CA$812,500
Property Description
INVESTMENT HIGHLIGHTS
- Excellent Mix of One 2 and Five 1-Bedroom Units
- Huge Upside in Rental Income
- Corner Lot
- One Tenant is Nonpaying, Subject to Eviction
EXECUTIVE SUMMARY
Six-unit apartment complex presenting an excellent Value add opportunity situated on a large corner lot. Excellent Mix of One 2 and Five 1-Bedroom Units
Property Features
- Sale Price: $812,500
- Area Size: 3,477 Sq. Ft.
- Land Area: 6,199 Sq. Ft.
- Year Built: 1955
- Listing Date: 3/22/2023
- Closing Date: 5/5/2023
- Units: 6
- Current GRM: 16.22
- Current Cap Rate: 3.21%
- Price Per Unit: $183,333
- Market GRM: 8.94
- Market Cap Rate: 8.65%
- Current NOI: $35,272
