Property Detail

Description

Exceptional opportunity to acquire a newly built, high-capacity multifamily asset ideally suited for investors and operators seeking strong in-place income potential and long-term upside. The property consists of 4 units + 1 ADU, featuring a desirable unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms. Projected gross income totals $20,900/month ($250,800 annually), reflecting a 10.7 GRM and 7.3% cap rate. The property is currently fully vacant, offering a rare opportunity for a buyer to establish new tenancy, implement a master lease strategy, or tailor operations to a variety of residential or program-based housing uses (buyer to verify with the City of Los Angeles). Zoned R3-1, the property allows for multiple residential use configurations, making it ideal for shared housing, transitional housing, or other structured living models. One unit is ADA compliant, enhancing accessibility and tenant flexibility. Offered at approximately $311/SF, presenting a compelling value for newly constructed product well below typical replacement cost benchmarks, making this an attractive basis for long-term investors. Conveniently located in South Los Angeles, within walking distance to Smart & Final, Chase Bank, McDonald's, Subway, and offering easy access to major freeways and transportation corridors. A rare opportunity to acquire a turnkey, high-yield asset with flexible use potential in a strong rental submarket. Contact listing agent for more details!