Apartments For Sale • 10,209 SF
Attractive Pricing | 9.77 GRM at a 5.95% CAP Rate | $166,667 Per Unit & $244 per Square Foot |
Ideal Unit Mix of: (14) – 1Bed/1Bath Units & (1) – 2Bed/1Bath Unit |
Value Add Opportunity with 25% Rental Upside Potential Without Relying on Subsidy Programs |
Individually Metered for Electricity & No Gas Meters | Each Unit with Individual Electric Water Heaters |
Large Lot Featuring Ample On-Site Parking | 14 Single-Car Garages |
Property is Subject to AB-1482 | California’s Statewide Rent Control | Allowing Annual Increases of 5% + CPI |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 16 min | - | 9.4 mi |
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 17 min | - | 9.9 mi |
Airport | Drive | Walk | Distance |
Long Beach (Daugherty Field) | 14 min | - | 7.3 mi |
Los Angeles International | 22 min | - | 15.6 mi |
Bob Hope | 41 min | - | 31.3 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 15 |
Type: | OneCarGarage |
Included in Rent: | Yes |