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$1,950,000
Est. payment /mo
6,655 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26217291
HOA Y/N No
Year Built 1931
Lot Size 6,655 Sqft
Property Sub-Type Apartment
Property Description
8% CAP RATE!!
722 S Ford Blvd presents an excellent opportunity to acquire a well- located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income. The asset is currently operating at a 8.05% cap rate and 7.31 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $162,500 per unit and $272 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area.
Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
722 S Ford Blvd presents an excellent opportunity to acquire a well- located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income. The asset is currently operating at a 8.05% cap rate and 7.31 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $162,500 per unit and $272 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area.
Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5247012005
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
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