Apartments For Sale • 6,154 SF
6-Unit Value Add Opportunity in East Los Angeles: Excellent 6-unit value add opportunity in East LA with current rents approximately 32% under market |
Excellent Metrics: Low price per foot ($211.24/ft) / 6.7% cap rate and 10.06 GRM on current rents |
Favorable Unit Mix: Excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units |
Unincorporated LA County Location: Property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of LA |
Walk Score 86: Property has Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops |
Proximity to 5, 710 and 60 Freeways: Conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley |
Cap Rate: | 6.70 % |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) | 5 min | - | 2.2 mi |
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 6 min | - | 2.8 mi |
Airport | Drive | Walk | Distance |
Long Beach (Daugherty Field) | 26 min | - | 16.7 mi |
Bob Hope | 29 min | - | 21.9 mi |
Los Angeles International | 31 min | - | 22.7 mi |