Listed by CBRE - South Bay
$3,499,000
2301-2311 Florence Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,420
Net Rentable (SqFt) 14,420
Units 21
Cap Rate 7.93%
NOI $277,518
Pro-Forma Cap Rate 10.08%
Pro-Forma NOI $352,576
Price per SqFt $243
Year Built 1955
Lot Size (SqFt) 17,265
Zoning LAC2
Investment Type Value Add
Multifamily | 21 Units | $166,619/unit
Marketing description
A 3-parcel asset on one of South LA's better-known streets. The 3-parcel asset affords an owner economies-of-scale and an efficiency of management - a state-mandated on-site manager is not required (each parcel has 7 units). A value-add opportunity for a savvy investor. Separate gas and electric meters, on-site laundry.
Listing Contacts
Listed by CBRE - South Bay
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$277,518.00
$23,126.50/mo
Valuation Metrics
0
DSCR
7.93%
Cap Rate
7.93%
ROI
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