Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$2,000,000
We are proud to present 2411 W 10th Street, a 14-unit multifamily building priced at an 8.03GRM and a 6.04% CAP rate with Gas and Electric being SEPARATELY metered. This opportunity is situated just minutes away from Downtown Los Angeles and in close proximity to the 10 and 110 freeways… Read More offering tenants convenient access to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum of Los Angeles as well as a myriad of highly desirable options for dining, shopping and attractions in Koreatown. This asset is a three-story building consisting of 8,482 rentable square feet constructed in 1912, which sits on a 6,947 square foot LAR4 zoned lot. The unit mix is comprised of (2) two-bedroom one-bath, (4) one-bedroom one-bath, and (8) studio units with half of the units having been renovated with a remaining 50% upside in rents! One Studio unit will be delivered renovated and vacant. Also featured are 5 onsite uncovered parking spaces in the rear of the property. Offered at $142K per unit, $236/SF and at an 8.03 GRM on current rents with upside potential to operate at a 5.75 GRM and a 10.53% CAP Rate at market rents makes for an exceptional opportunity for any type investor looking to drive long term returns in one of the densest and premiere rental markets of Los Angeles. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
8
Square Ft.
8,482
Lot Size
0.16 Acres
Year Built
1912
MLS Number
25510125
30 Days Snapshot Of 90006
$1,088k
+47%
(avg) sold price
2
-71%
homes sold
43
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1912, Building area total: 8,482, Levels: ThreeOrMore, Living area: 8482, 1 building
Income
Gross income: $249,051, Net operating income: $120,826
Lot
0.1595 acres, 6,947 square feet, Size: 6,947
Parking
5 open parking spaces, 5 totals parking, Uncovered
Property
Zoning: LAR4
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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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