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Multifamily

4434 Lowell Ave

4434 Lowell Ave, Los Angeles, CA 90032

Listing Price: $1,625,000

Cap Rate
4.62%
Number of Units
6
Occupancy
97.0%
Price/Unit
$270,833
Price/Gross SF
$322.16
Gross SF
5,044

Investment Overview

Marcus and Millichap is pleased to offer for sale 4434 Lowell Ave (the “Property”) a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles’s most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region’s trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

Investment Highlights

  • All units have been immaculately renovated.
  • Surrounded primarily by single family homes.
  • All units are 2 bedroom 1 bath.

Exclusively Listed By

Multifamily

4434 Lowell Ave

Listing Price: $1,625,000

Cap Rate
4.62%
Number of Units
6
Occupancy
97.0%
Price/Unit
$270,833
Price/Gross SF
$322.16
Gross SF
5,044

Investment Highlights

  • All units have been immaculately renovated.
  • Surrounded primarily by single family homes.
  • All units are 2 bedroom 1 bath.

Investment Overview

Marcus and Millichap is pleased to offer for sale 4434 Lowell Ave (the “Property”) a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles’s most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region’s trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

Exclusively Listed By

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