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Multifamily

230 N Grand Ave

230 N Grand Ave, Los Angeles, CA 90731

Listing Price: $2,595,000

Cap Rate
5.36%
Number of Units
12
GRM
7.03
Occupancy
100.0%
Price/Unit
$216,250
Price/Gross SF
$284.63
Gross SF
9,117

Investment Overview

The Weir Group is pleased to present our newest listing in city of San Pedro. This 12 unit boasts a diverse unit mix of 3 bedrooms, 3 bedrooms, 1 bedrooms, and a studio. The property comes with RTI plans for three ADUs (two 1 bedroom units and a 2 bedroom 2 bathroom unit). The property boasts an estimated 62% upside and is available at a low-cost basis. Low price per unit and price per square foot. The property also should qualify for decent leverage. A new owner can benefit from a high appreciating submarket, long term upside, and easy ADU execution which will result in high yields now and into the future.

Investment Highlights

  • Value Add – Estimated 62% Upside
  • RTI Plans For 3 ADUs
  • Yield On Cost Over 6%
  • Low Price Per Foot

Exclusively Listed By

Financing By

Multifamily

230 N Grand Ave

Listing Price: $2,595,000

Cap Rate
5.36%
Number of Units
12
GRM
7.03
Occupancy
100.0%
Price/Unit
$216,250
Price/Gross SF
$284.63
Gross SF
9,117

Investment Highlights

  • Value Add – Estimated 62% Upside
  • RTI Plans For 3 ADUs
  • Yield On Cost Over 6%
  • Low Price Per Foot

Investment Overview

The Weir Group is pleased to present our newest listing in city of San Pedro. This 12 unit boasts a diverse unit mix of 3 bedrooms, 3 bedrooms, 1 bedrooms, and a studio. The property comes with RTI plans for three ADUs (two 1 bedroom units and a 2 bedroom 2 bathroom unit). The property boasts an estimated 62% upside and is available at a low-cost basis. Low price per unit and price per square foot. The property also should qualify for decent leverage. A new owner can benefit from a high appreciating submarket, long term upside, and easy ADU execution which will result in high yields now and into the future.

Exclusively Listed By

Financing By

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