2744 S Redondo Blvd, Los Angeles, CA 90016

2744 S Redondo Blvd, Los Angeles, CA 90016

Los Angeles, CA
$1,550,000

Property Description

Investment Highlights

  • Desirable unit mix, consisting of (4) 3 Bed/1 Bath Units, spread out over 4,372 Square Feet
  • Conveniently located in West Adams, in close proximity to trendy coffee shops, restaurants, and major metropolitan hubs
  • Going-in cap rate of 5.90%, offering approximately 24% rental upside through rent increases and potential addition of ADUs (Buyer to Verify)

Executive Summary

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.

Property Features

  • Sale Price: $1,550,000
  • Area Size: 4,372 sq ft
  • Land Area: 0.11 acres
  • Year Built: 1931
  • Units: 4

Lyon Stahl Investment Real Estate

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