227 E 52nd Street

Highlights:

• Built 1910 | Recently Renovated
• High in Place Cap Rate
• 14 Parking Spaces
• Studio, 1 Bed, 2 Bath Units
• Proximity to South Park Rec
• Professionally Managed
• Near Transit Hubs
• Potential to Add ADUs

Description:

The LAAA Team & The SK Group of Marcus & Millichap is pleased to present the opportunity to acquire an 8-unit multifamily property in the South Park neighborhood of South Los Angeles. This turnkey property offers a high going-in cap rate, providing investors with a strong opportunity to maximize leverage and returns from day one. Additionally, the spacious lot size offers investors the opportunity to significantly enhance value by adding additional units through the ADU program. The property is composed of four studio units, two 1- bedroom/1-bathroom units and two 2-bedroom/1-bathroom units.

Each unit is individually metered for gas and electricity, and tenants enjoy the benefits of on-site laundry, gated access, and 14 uncovered parking spaces at the rear of the property. The property is professionally managed and well-maintained. Buyers are encouraged to verify the accuracy of all building records and data.

Located north of Slauson Avenue and east of Broadway, the subject property is within a short distance of multiple public transportation stops along Main Street. The property is also within half a mile from South Park Recreational Center, Dr. Maya Angelou Community High School, and South Los Angeles Wetlands Park and within a mile from LA Academy Middle School. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.

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