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Multifamily

2135 Vallejo St

2135 Vallejo St, Los Angeles, CA 90031

Listing Price: $928,888

Cap Rate
1.97%
Number of Units
5
Price/Unit
$185,778
Price/Gross SF
$260.34
Gross SF
3,568

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2135 Vallejo Street in the city of Los Angeles. The subject property is strategically located East of the 5 Freeway, West of Pasadena Avenue, and halfway between the 110 and 10 Freeways. It is in the Lincoln Heights neighborhood, which is part of the burgeoning North East Los Angeles submarket. Situated on a 7,313 square foot parcel, the charming Spanish-style property has two separate singlestory duplexes which comprises four one-bedroom/one-bathroom units. It also has one stand-alone, single-story two-bedroom/one-bathroom house. The property has 201% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and to achieve superior future returns moving forward makes 2135 Vallejo Street an excellent acquisition opportunity.

Investment Highlights

  • 201% Remaining Rental Upside Through Interior Renovations
  • Walker's Paradise - Daily Errands Do Not Require a Car
  • First Time on the Market in 20+ Years—a True Legacy Asset
  • Comprised of Two Single-Story Duplexes and One Single-Story Stand-Alone House
  • Property Offers Five One-Car Garages
  • This Robust Employment Hub Offers a New Investor a Healthy Rental Demand, which Shortens Leasing Times and Offers Tenants an Exciting Array of Entertainment, Bars, and Restaurants

Exclusively Listed By

Multifamily

2135 Vallejo St

Listing Price: $928,888

Cap Rate
1.97%
Number of Units
5
Price/Unit
$185,778
Price/Gross SF
$260.34
Gross SF
3,568

Investment Highlights

  • 201% Remaining Rental Upside Through Interior Renovations
  • Walker's Paradise - Daily Errands Do Not Require a Car
  • First Time on the Market in 20+ Years—a True Legacy Asset
  • Comprised of Two Single-Story Duplexes and One Single-Story Stand-Alone House
  • Property Offers Five One-Car Garages
  • This Robust Employment Hub Offers a New Investor a Healthy Rental Demand, which Shortens Leasing Times and Offers Tenants an Exciting Array of Entertainment, Bars, and Restaurants

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2135 Vallejo Street in the city of Los Angeles. The subject property is strategically located East of the 5 Freeway, West of Pasadena Avenue, and halfway between the 110 and 10 Freeways. It is in the Lincoln Heights neighborhood, which is part of the burgeoning North East Los Angeles submarket. Situated on a 7,313 square foot parcel, the charming Spanish-style property has two separate singlestory duplexes which comprises four one-bedroom/one-bathroom units. It also has one stand-alone, single-story two-bedroom/one-bathroom house. The property has 201% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and to achieve superior future returns moving forward makes 2135 Vallejo Street an excellent acquisition opportunity.

Exclusively Listed By

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