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$ 1,950,000
Est. payment | /mo
3 Beds
2 Baths
6,657 Sqft Lot
$ 1,950,000
Est. payment | /mo
3 Beds
2 Baths
6,657 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26217291
Bedrooms 3
Lot Size 6,657 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8% CAP RATE!! 722 S Ford Blvd presents an excellent opportunity to acquire a well- located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income. The asset is currently operating at a 8.05% cap rate and 7.31 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $162,500 per unit and $272 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area. Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
Location
State CA
County Los Angeles
Zoning Assessor
Direction north of Whittier Blvd and south of 6th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5247012005
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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1420 Kettner Blvd suite 100, San Diego, California 92101, USA