2215 7th Ave

Los Angeles

 

$1,450,000

 
 
 
 

5

UNITS

$290,000

PRICE/UNIT

$201

PRICE/SQ FT

4.85%

CAP

13.13

GIM

6.05%

PRO FORMA CAP

11.24

PRO FORMA GIM
 

LAAA is pleased to present a five unit multifamily property located in the 90018 zip code of Los Angeles, CA. Situated at 2215 7th Ave, just a few blocks away from Lafayette Square, the subject property is located in an ideal Arlington Heights / Mid-City location.

Built in 1921, this uniquely styled building has an excellent unit mix of five 2-bed/1-bath units, and one 3-bed/1-bath units. Furthermore, two of the 2-bed units will be delivered vacant at the time of sale, allowing an investor immediate market rents on those two units. This property, which is situated on a very large lot of over 11,000 square feet, offers its tenants 6 garages for parking along with plenty of room for surface parking as well.

The subject property offers an investor a rare opportunity to acquire a well located and high CAP rate Los Angeles multifamily property with a great unit mix and two units delivered vacant.

 
 
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Nicolas Aiello

Associate

O: (818) 212-2808

M: (310) 403-7630

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