626 E 51st, Los Angeles, CA 90011

626 E 51st, Los Angeles, CA 90011

Los Angeles, CA
$850,000

Property Description

8.30% Current Cap Rate!! 626 E 51st St presents an attractive opportunity to acquire a 5-unit multifamily investment property in Los Angeles, offered at $850,000. The property delivers a compelling 8.30% current cap rate and 7.38 GRM, with pro forma rents indicating an 18.84% increase in scheduled income and meaningful potential for enhanced returns. Built in 1911, the property encompasses approximately 3,265 SF of building area on a 4,680 SF lot, equating to approximately $260/SF. The unit mix consists of (1) 1 Bed/1 Bath, (3) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units, complemented by 4 on-site parking spaces. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, established retail corridors, and public transportation. Its diverse unit mix, attractive in-place returns, and rental upside make it a compelling opportunity for investors seeking strong cash flow with additional value-add potential.

Property Features

  • Sale Price: $850,000
  • Area Size: 3,265 sq ft
  • Land Area: 4,680 sq ft
  • Year Built: 1911
  • Units: 5

Lyon Stahl Investment Real Estate

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