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Multifamily

154 E Colden Ave

154 E Colden Ave, Los Angeles, CA 90003

Listing Price: $850,000

Cap Rate
7.87%
Number of Units
3
GRM
9.23
Price/Unit
$283,333
Price/Gross SF
$336.77
Gross SF
2,524

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio. Together, they offer a total of 2,524 square feet of rentable space on a 5,410 square foot lot. The newer units are equipped with copper plumbing, updated electrical systems, and a newer roof, which is backed by a 10-year warranty thanks to a recent layer of protective silicone. The one-bedroom unit includes a two-car garage, providing valuable parking and storage space. Outdoor living is enhanced with a spacious shared patio for the three-bedroom units, ideal for relaxation and entertainment.
For owner-occupiers, this triplex presents an exceptional opportunity for you to occupy one of the units while immediately generating rental income from the others. Additionally, favorable financing terms are available for owner-occupiers, including options with as low as 5% down, making it an accessible and attractive option for those looking to enter the multifamily ownership market.
Essential public transportation options are readily available, with several stops near Main and Colden. Notable nearby attractions include The Forum, SoFi Stadium, Gramercy Park, and the renowned Earvin Magic Johnson Park. Additionally, for those who commute, the property's proximity to the 105 and 110 Freeways ensures easy access to various parts of Greater Los Angeles.

Investment Highlights

  • Delivered with (2) Vacant and remodeled 3Bed/1Bath Units (2024 Certificate of Occupancy)
  • Excellent Unit Mix: (2) 3Bed/1Bath, (1) 1Bed/1Bath
  • Private and Shared Patios
  • Low Down Payment Residential Financing Available
  • 8% Cap Rate as Investment with Market Rents
  • Owner-User Opportunity

Exclusively Listed By

Multifamily

154 E Colden Ave

Listing Price: $850,000

Cap Rate
7.87%
Number of Units
3
GRM
9.23
Price/Unit
$283,333
Price/Gross SF
$336.77
Gross SF
2,524

Investment Highlights

  • Delivered with (2) Vacant and remodeled 3Bed/1Bath Units (2024 Certificate of Occupancy)
  • Excellent Unit Mix: (2) 3Bed/1Bath, (1) 1Bed/1Bath
  • Private and Shared Patios
  • Low Down Payment Residential Financing Available
  • 8% Cap Rate as Investment with Market Rents
  • Owner-User Opportunity

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio. Together, they offer a total of 2,524 square feet of rentable space on a 5,410 square foot lot. The newer units are equipped with copper plumbing, updated electrical systems, and a newer roof, which is backed by a 10-year warranty thanks to a recent layer of protective silicone. The one-bedroom unit includes a two-car garage, providing valuable parking and storage space. Outdoor living is enhanced with a spacious shared patio for the three-bedroom units, ideal for relaxation and entertainment. For owner-occupiers, this triplex presents an exceptional opportunity for you to occupy one of the units while immediately generating rental income from the others. Additionally, favorable financing terms are available for owner-occupiers, including options with as low as 5% down, making it an accessible and attractive option for those looking to enter the multifamily ownership market. Essential public transportation options are readily available, with several stops near Main and Colden. Notable nearby attractions include The Forum, SoFi Stadium, Gramercy Park, and the renowned Earvin Magic Johnson Park. Additionally, for those who commute, the property's proximity to the 105 and 110 Freeways ensures easy access to various parts of Greater Los Angeles.

Exclusively Listed By

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