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30852196
30852197

545 Eastmont Avenue, Los Angeles, CA 90022

JW
Justin White
Listed by Justin White
$1,099,999
93 days on market
Updated 45 days ago

545 Eastmont Avenue

Details
APN 6341017030
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 3.62%
Buildings 2
Stories 2
Acreage 0.146
Zoning Other

Multifamily | 3.62% CAP | 6 Units

Marketing description

545 Eastmont Ave is a 6-unit apartment building in East Los Angeles, constructed in 1929. The property offers 3,922 rentable square feet on a 6,350 square foot lot. It features a total of (4) one bedroom units and (2) studio units. Located near major thoroughfares like Whittier Boulevard and Atlantic Boulevard, the property is at the heart of East LA, a community known for its rich cultural identity and strong neighborhood ties. The area offers a mix of local retail, schools, public transportation, and amenities, contributing to long-term tenant demand. With easy access to the 60, 5, and 710 freeways, the property is well-connected to Downtown LA, Commerce, Monterey Park, and surrounding cities, making it appealing to commuters. This strategic location supports consistent rental demand and convenient access to nearby employment hubs. The property features a total of (4) one bedroom units and (2) studio units. Studios and one bedroom units are often easier to rent out than larger units, making them less likely to experience vacancy periods. Additionally, they are typically less expensive to maintain and can be a more affordable option for tenants, making them a popular choice in certain markets. 545 Eastmont Ave offers a compelling investment opportunity in a centrally located, supply-constrained market. Its accessibility, strong community presence, and diverse tenant appeal position it for stable income and long-term growth potential.
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JW
Justin White
Listed by Justin White

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