See all 13 photos
13 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,000,000
Est. payment /mo
8 Beds
14 Baths
8,482 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,482 sqft
Price per Sqft $235
MLS Listing ID 25510125
Bedrooms 8
HOA Y/N No
Year Built 1912
Lot Size 6,947 Sqft
Property Description
We are proud to present 2411 W 10th Street, a 14-unit multifamily building priced at an 8.03GRM and a 6.04% CAP rate with Gas and Electric being SEPARATELY metered. This opportunity is situated just minutes away from Downtown Los Angeles and in close proximity to the 10 and 110 freeways offering tenants convenient access to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum of Los Angeles as well as a myriad of highly desirable options for dining, shopping and attractions in Koreatown. This asset is a three-story building consisting of 8,482 rentable square feet constructed in 1912, which sits on a 6,947 square foot LAR4 zoned lot. The unit mix is comprised of (2) two-bedroom one-bath, (4) one-bedroom one-bath, and (8) studio units with half of the units having been renovated with a remaining 50% upside in rents! One Studio unit will be delivered renovated and vacant. Also featured are 5 onsite uncovered parking spaces in the rear of the property. Offered at $142K per unit, $236/SF and at an 8.03 GRM on current rents with upside potential to operate at a 5.75 GRM and a 10.53% CAP Rate at market rents makes for an exceptional opportunity for any type investor looking to drive long term returns in one of the densest and premiere rental markets of Los Angeles. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 5
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5136002010
Special Listing Condition Standard
Read Less Info
Listed by Casey Lins • Kidder Mathews of California, Inc.
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!