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Multifamily

10401 Eastborne Ave

10401 Eastborne Ave, Los Angeles, CA 90024

Listing Price: $8,395,000

Cap Rate
6.76%
Number of Units
22
GRM
10.02
Price/Unit
$381,591
Price/Gross SF
$509.75
Gross SF
16,469

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 10401 Eastborne Avenue, a vacant 22-unit multifamily apartment building with development potential located in the highly desirable 90024 zip code of Los Angeles.

Investment Highlights

  • Ellis Act Property, 100% Vacant! Withdraw date 01/22/2021
  • Buyer to Investigate The Ellis Act Burn off Date.
  • Current Unit Mix Composed of (9) Bachelor Units, (5) One-Bedroom Units, (5) Two-Bedroom Units and (3) Three-Bedroom Units!
  • Amazing Development Potential!
  • Entitled Permit Pulled for 34 Units!
  • Large 19,625-Square Foot Corner Lot Zoned LAR3!

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

Multifamily

10401 Eastborne Ave

Listing Price: $8,395,000

Cap Rate
6.76%
Number of Units
22
GRM
10.02
Price/Unit
$381,591
Price/Gross SF
$509.75
Gross SF
16,469

Investment Highlights

  • Ellis Act Property, 100% Vacant! Withdraw date 01/22/2021
  • Buyer to Investigate The Ellis Act Burn off Date.
  • Current Unit Mix Composed of (9) Bachelor Units, (5) One-Bedroom Units, (5) Two-Bedroom Units and (3) Three-Bedroom Units!
  • Amazing Development Potential!
  • Entitled Permit Pulled for 34 Units!
  • Large 19,625-Square Foot Corner Lot Zoned LAR3!

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 10401 Eastborne Avenue, a vacant 22-unit multifamily apartment building with development potential located in the highly desirable 90024 zip code of Los Angeles.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

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