5 Units | 2020 Ground-Up Renovation | 6.2% CAP | Los Angeles, CA

$1,399,000

762 East 50th Street, Los Angeles, CA 90011

For Sale

Multifamily Garden Low Rise

Pending

Last Updated: 05/03/2022

Details:

Cap Rate: 7.13%

Pro Forma Cap Rate : 7.53%

Cash-on-Cash: 10.29%

NOI: $97,605

Building Size: 3,210 sqft

Lot Area: 6,062 sqft

Occupancy: 100%

Units: 5

GRM: 10.2

Price Per Sqft: $435

Price Per Unit: $279,800

Zoning: R2

Year Built: 1924

Floors: 2

Parking Spots: 5

Year Last Renovated: 2020

Construction Status: Complete

Offered by

Zach Krasman

Senior Associate

Compass Commercial | Greater Los Angeles

#01814990

Request Info to Unlock

Highlights:

Less Than 3 Miles (8-minute Drive) to USC
Great Cash Flow: 10.29% COC @ 30% Down (14.45% incl. Principal Reduction)
Easy Access to the 110 Freeway
Great Unit Mix
Across from Elementary School
Adjacent to Local Church
1 Block to South Park Recreation Center

Description:

Presented for sale is a 5-UNIT APARTMENT BUILDING located in the South Park neighborhood of Los Angeles, CA. The two structures, BOTH INDIVIDUALLY METERED FOR GAS & ELECTRIC, consist of an SFR (2 bedroom + 1 bathroom), and a FOURPLEX (one 3 bedroom + 1 bathroom unit, two 2 bedroom + 1 bathroom units, and one 1 bedroom + 1 bathroom unit). GROUND-UP RENOVATION COMPLETED 2020: ALL SYSTEMS UPGRADED. UPGRADES INCLUDE NEW: roof, windows, stucco, electrical, plumbing, tankless water heaters, flooring, kitchens, bathrooms, low-maintenance landscaping, security cameras, awnings, a/c units, etc. Foundation reinforced and footings replaced. Walk Score is SOMEWHAT WALKABLE (68) & VERY BIKEABLE (75)