5601 Via Corona St, East Los Angeles, CA 90022

5601 Via Corona St, East Los Angeles, CA 90022

East Los Angeles, CA

Property Description

We are pleased to present 5601 Via Corona, a charming 8 unit property located in the Bella Vista neighborhood of East Los Angeles, located midway between Pasadena, Long Beach, Downtown Los Angeles, and the Orange County border. The subject property is comprised of Four (4) – Two Bed/ One bath Units & Four (4) – One Bed/ One bath units, with a total living area of 6,496 SF situated on a sizeable 10,979 SF lot. Most units have been upgraded with new flooring, plumbing, and electrical. This is an excellent opportunity for an investor to acquire a property in one of the most accessible neighborhoods of Los Angeles. Short distances to shops, restaurants, medical as well as the Gold Line, East Los Angeles College, California State University at Los Angeles, and the 5 and 710 freeways. One unit will be delivered vacant at close of escrow.

Property Features

  • Sale Price: $1,950,000
  • Area Size: 6,496 SF
  • Land Area: 10,979 SF
  • Year Built: 1949
  • Listing Date: 10/21/2020
  • Units: 8
  • Current GRM: 12.96
  • Current Cap Rate: 5.26%
  • Price Per Unit: $243,750
  • Market GRM: 11.15
  • Market Cap Rate: 6.32%
  • Current NOI: $102,490

Lyon Stahl Investment Real Estate

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