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Multifamily

2617 Jeffries

2617 Jeffries Ave, Los Angeles, CA 90065

Listing Price: $2,250,000

Cap Rate
4.81%
Number of Units
8
Occupancy
97.0%
Price/Unit
$281,250
Price/Gross SF
$446.43
Gross SF
5,040

Investment Overview

We are pleased to present 2617 Jeffries Avenue, an 8-unit apartment building located in the Cypress Park neighborhood of Los Angeles. Built in 1913, the subject property is comprised of five (5) studio and three (3) 1 bed/ 1 bath units that are all spacious and have all been renovated with new flooring, upgraded bathrooms, upgraded kitchens, and updated appliances. In addition to the interior upgrades, the property also has on-site laundry, full copper plumbing, a pitched roof, two water heaters, and upgraded electrical systems with 5 of the 8 units having subpanels installed in the units. Currently the utilities are master metered and will allow a new investor to raise rents by 5%. A buyer will have the opportunity to individually meter the building, if they choose to do so, as well as exploring the opportunity to build an ADU in the back of the property. Located just east of San Fernando Rd, west of Figueroa St and north of the 5 Freeway, 2617 Jeffries is conveniently located near many other Northeast LA neighborhoods such as Mount Washington, Montecito Heights, Highland Park, Eagle Rock, Glassell Park and Atwater Village. It’s location also provides easy access into Elysian Valley & Park, Lincoln Heights, Chinatown, Echo Park, Silver Lake and many more neighborhoods. Some notable destinations near the property include Los Angeles River Center & Gardens, Dodger Stadium, Frogtown, Florence Nightingale Middle School & Rio Del Los Angeles State Park. With many newer multifamily developments popping up in the area, Cypress Park is a neighborhood that is already experiencing significant gentrification and increases in rental rates.

Investment Highlights

  • All units are renovated
  • Updated Electrical Systems
  • On-Site Laundry
  • Copper Plumbing
  • Low Maintenance Property

Exclusively Listed By

Financing By

Multifamily

2617 Jeffries

Listing Price: $2,250,000

Cap Rate
4.81%
Number of Units
8
Occupancy
97.0%
Price/Unit
$281,250
Price/Gross SF
$446.43
Gross SF
5,040

Investment Highlights

  • All units are renovated
  • Updated Electrical Systems
  • On-Site Laundry
  • Copper Plumbing
  • Low Maintenance Property

Investment Overview

We are pleased to present 2617 Jeffries Avenue, an 8-unit apartment building located in the Cypress Park neighborhood of Los Angeles. Built in 1913, the subject property is comprised of five (5) studio and three (3) 1 bed/ 1 bath units that are all spacious and have all been renovated with new flooring, upgraded bathrooms, upgraded kitchens, and updated appliances. In addition to the interior upgrades, the property also has on-site laundry, full copper plumbing, a pitched roof, two water heaters, and upgraded electrical systems with 5 of the 8 units having subpanels installed in the units. Currently the utilities are master metered and will allow a new investor to raise rents by 5%. A buyer will have the opportunity to individually meter the building, if they choose to do so, as well as exploring the opportunity to build an ADU in the back of the property. Located just east of San Fernando Rd, west of Figueroa St and north of the 5 Freeway, 2617 Jeffries is conveniently located near many other Northeast LA neighborhoods such as Mount Washington, Montecito Heights, Highland Park, Eagle Rock, Glassell Park and Atwater Village. It’s location also provides easy access into Elysian Valley & Park, Lincoln Heights, Chinatown, Echo Park, Silver Lake and many more neighborhoods. Some notable destinations near the property include Los Angeles River Center & Gardens, Dodger Stadium, Frogtown, Florence Nightingale Middle School & Rio Del Los Angeles State Park. With many newer multifamily developments popping up in the area, Cypress Park is a neighborhood that is already experiencing significant gentrification and increases in rental rates.

Exclusively Listed By

Financing By

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