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.
10401 Eastborne Ave
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
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
