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2815 Hyde Park Blvd, Los Angeles, CA 90043

2815 Hyde Park Blvd, Los Angeles, CA 90043
$1,150,000

Description

2815 Hyde Park Blvd is a 4-unit apartment building in the southeast neighborhood of Hyde Park in Los Angeles. The property presents the opportunity to own an asset in the heart of Los Angeles with over 25% upside in rental income. The 3,959 square foot building sits on a 6,593 square foot lot and is comprised of one (1) 1 bed/1 bath, two (2) 2 bed/1 bath, and a large 3 bed/2 bath unit. 5 parking spaces and a communal laundry room generate additional income. Tenants pay for their own electricity and gas, minimizing operating costs for the owner.

Conveniently located near the 405, 105, 110 and 10 Freeways, tenants also enjoy close proximity to all that Los Angeles Metro has to offer. The Hyde Park Metro Station slated to open this year will be serviced by the Crenshaw/LAX line and is less than a mile from the subject property.

Less than 2 miles away is the Baldwin Hills Crenshaw Plaza, a 2 million square foot redevelopment project that will include a retail village with shops and restaurants, along with an office, hotel, apartments, and condos.

Located less than 3 miles north of the new City of Champions Revitalization Initiative, this property is set to benefit from the stimulation and energy the 890,000 square feet of retail space, 25 acres of park and open space, revamped casino, performing arts venue and numerous fine dining restaurants it will bring.

Property Downloads

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on March 2, 2020 at 10:31 am

  • Price: $1,150,000
  • List Date: 3/2/2020
  • Property Size: 3959 Sq Ft
  • Land Area: 6593 Sq Ft
  • Year Built: 1956
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 14.40
  • CAP RATE: 4.25%
  • Price per Unit: $287,500
  • Market GRM: 10.97
  • Market CAP RATE: 6.16%

Contact info

Daniel Shieh
Daniel Shieh
(323) 825-5484(310) 990-2131
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