3747 S Victoria Avenue, Los Angeles, CA 90016

3747 S Victoria Avenue, Los Angeles, CA 90016

Los Angeles, CA

Property Description

Lyon Stahl is pleased to have closed this well‐located West Adams fourplex at 3747 S Victoria Ave, LA 90016. This well‐maintained property has been owned by the Seller for 22 years, and they’ve shown the building a lot of TLC… Property features a solid unit mix with two 2 Bedroom 1 Bath Units & two 1 Bedroom 1 Bath units with 3,362 total rentable SF. The current gross income is $5,400/mth; $64,800/yr, and there is approx. 45% rent upside potential here with a proforma income of $7,800/mth; $93,600/yr.

Great rapidly appreciating location in the heart of West Adams just west of Crenshaw & north of Coliseum. The property is only a 0.4M (8-minute walk) from the Crenshaw/Expo metro station, which will be the key station as the metro expansion runs south down Crenshaw through Inglewood & into LAX eventually. Also less than a mile from the 10 Freeway for ease of commuting; only 0.8M from the Baldwin Hills Crenshaw Plaza Mall & in a great mid‐city location with equally easy access to DTLA; Culver City/West LA & K‐Town/Hollywood!

Deal Highlights:

• Excellently located 4 unit property with a great unit mix of two 2+1  units and two 1+1 units with 3,362 total SF. Stable in-place income of $5,400/month; $64,800/year with approximately 45% rent upside potential.

• Convenient West Adams location just a short walk from the Expo/Crenshaw metro station, allowing for easy access to almost anywhere in the city. Also just a quick 7-minute drive to I-10, this property is a commuter’s dream!

• At our $1.150M asking price, the offering is priced at $287,500 /unit; a 17.75 current GRM; a 12.29 market GRM; a 3.47% current CAP; a 5.90% market CAP, and $342/SF

Property Features

  • Sale Price: $1,067,000
  • Area Size: 3362 SF
  • Land Area: 6480 SF
  • Year Built: 1949
  • Listing Date: 3/17/2020
  • Closing Date: 12/28/2020
  • Units: 4
  • Current GRM: 17.75
  • Current Cap Rate: 3.47%
  • Price Per Unit: $287,500
  • Market GRM: 12.29
  • Market Cap Rate: 5.90%

Lyon Stahl Investment Real Estate

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