VALUE ADD DEAL WITH APPROXIMATELY 68% UPSIDE IN RENTS! Priced at 6.51 GRM and 11.9% CAP with rents at market. Please contact listing agent for marketing package. Keller Williams Commercial Beverly Hills has been exclusively retained by the owner in connection with the sale of 4026 S.… Read More Morgan Ave, a 6-unit apartment building centrally located in South Los Angeles within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. The Property has been well maintained by the current ownership and is fully occupied. Excellent unit mix consisting of five large 2 bedroom 1 bath units and one 3 bedroom 2 bath unit. The property is separately metered for gas, electricity and tenants pay their own trash bill. Property features gated parking and on-site laundry room with machines owned by Seller. Priced at $220,833/unit, $292/S.F, 5.84% CAP and 10.95 x current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.51 GRM and 11.9% CAP with rents at market. Read Less
Property listed by Keller Williams Beverly Hills, Ramin Gheitanchi 310-432-6400
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,538
Lot Size
0.18 Acres
Year Built
1963
MLS Number
25502429
30 Days Snapshot Of 90011
$550k
-5%
(avg) sold price
1
-80%
home sold
46
-49%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 4,538, Levels: Two, Living area: 4538, 2 stories, 1 building
Community
Gated
Heating
WallFurnace
Income
Gross income: $121,032, Net operating income: $77,428
Lot
0.182 acres, 7,929 square feet, Size: 7,929
Parking
6 totals parking, Gated
Property
Zoning: LAR2
Security Features
SecurityGate, GatedCommunity
Tenant Pays
Electricity, Gas, TrashCollection
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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