545 Eastmont Ave, Los Angeles, CA 90022
Multifamily | 6 Units | $166,667/unit
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) 1Bedroom+1Bathroom & (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.
The property features 10+ on site parking spots. Each 1bed+1bath unit have their own laundry machine and laundry hook-up. The plumbing has been address back in 2023.
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.
Investment highlights
- Desired Unit Mix
- On-Site Parking
- Central Location
- Income Upside
- Strong Rental Demand
- Proximity to Downtown LA
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