Listed by Compass
$1,950,000
1628 W 45th Street
Details
APN 5016-007-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,820
Units 16
Cap Rate 7.28%
Occupancy 81.25%
Price per SqFt $221
Class C
Year Built 1927
Buildings 1
Stories 2
Zoning LAR1
Multifamily | 16 Units | $121,875/unit
Marketing description
16-UNITS IN VERMONT SQUARE| $121K per door | 7.28% CAP | 3 VACANT UNITS | Rare opportunity to acquire 1628 W. 45th Street, a 16-unit apartment building in the highly sought after Vermont Square neighborhood. Offered at $1,950,000 ($121K per door, ~$199/SF) with strong in-place income and immediate upside through 3 vacant units and rental repositioning. Well-located near Western & Vernon with close proximity to Exposition Park, Leimert Park, and the Crenshaw corridor. Features on-site laundry hookups.
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Listed by Compass
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