Listed by Keller Williams South Bay, Keller Williams Downtown Los Angeles
$1,226,000
3232 S. Central Avenue
Details
APN 5114025018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,180
Net Rentable (SqFt) 5,180
Units 10
Cap Rate 6.99%
NOI $85,673
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $83,557
Price per SqFt $237
Broker Co-Op Yes
Class C
Year Built 1924
Buildings 2
Stories 2
Acreage 0.110
Zoning Assessor
Investment Type Stabilized
Ownership 100
South LA | 10 Units | 6.99% CAP Rate
Marketing description
3232 S. Central Avenue is a 10-unit apartment complex located in South Central Los Angeles. The opportunity consists of an 8-unit property in front constructed in 1924 and a duplex in the rear built in 1930. Each unit is separately metered for gas and electricity. The 2-story apartment building has seen recent capital improvements including upgraded electrical panels. The property consists of four (4) studio units and six (6) one-bedroom units spread across 5,180 rentable square feet.
Investment highlights
- Priced at a 6.99% CAP Rate
- Separately Metered for Gas & Electricity
- Located in South Central Los Angeles
- Offered at 6.46 Gross Rent Multiplier
- Mix of Studio & One-Bedroom Units
Listing Contacts
Listed by Keller Williams South Bay, Keller Williams Downtown Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,673.00
$7,139.42/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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