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Multifamily

2323 Wall Street, 90011

2323 Wall St, Los Angeles, CA 90011

Listing Price: $1,325,000

Cap Rate
5.43%
Number of Units
5
GRM
11.12
Price/Unit
$265,000
Price/Gross SF
$292.49
Gross SF
4,530

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market.
South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA’s strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options.
Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric.
The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity.

Investment Highlights

  • Two Units will be Delivered Vacant Allowing New Ownership to Immediately Renovate in Order to Achieve Market Rental Rates (Unit 2329 Under Eviction, Unit 2323.5 Gave Notice to Vacate)
  • Located Less than 1 Mile from the San Pedro Street Metro Station – Resident Benefit from Easy Access Across the City
  • Comprises Entirely of Two-Bedroom & Three-Bedroom Units *Buyer to Verify Unit Configuration
  • Located in a Dense Pocket of the Historic South Central District. With a Walk Score of 89 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail & Entertainment in Downtown Los Angeles & South Central
  • Professionally Managed Building that has Been Attentively Maintained
  • ON-SITE PARKING WITH NO SEISMIC RETROFIT REQUIREMENTS

Exclusively Listed By

Financing By

Multifamily

2323 Wall Street, 90011

Listing Price: $1,325,000

Cap Rate
5.43%
Number of Units
5
GRM
11.12
Price/Unit
$265,000
Price/Gross SF
$292.49
Gross SF
4,530

Investment Highlights

  • Two Units will be Delivered Vacant Allowing New Ownership to Immediately Renovate in Order to Achieve Market Rental Rates (Unit 2329 Under Eviction, Unit 2323.5 Gave Notice to Vacate)
  • Located Less than 1 Mile from the San Pedro Street Metro Station – Resident Benefit from Easy Access Across the City
  • Comprises Entirely of Two-Bedroom & Three-Bedroom Units *Buyer to Verify Unit Configuration
  • Located in a Dense Pocket of the Historic South Central District. With a Walk Score of 89 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail & Entertainment in Downtown Los Angeles & South Central
  • Professionally Managed Building that has Been Attentively Maintained
  • ON-SITE PARKING WITH NO SEISMIC RETROFIT REQUIREMENTS

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA’s strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity.

Exclusively Listed By

Financing By

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