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Multifamily

1557 West 52nd Street

1557 W 52nd St, Los Angeles, CA 90062

Listing Price: $1,250,000

Cap Rate
6.04%
Number of Units
6
GRM
10.65
Price/Unit
$208,333
Price/Gross SF
$374.59
Gross SF
3,337

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street 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 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations.

The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity.

*The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together.

*LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.

Investment Highlights

  • There is 38% Rental Upside that can be Captured Through Interior Renovations
  • Located Less than 1.5 Miles from the 110 Freeway, Allowing Tenants Convenient Access Throughout the City
  • The Subject Property is Located in a Dense Pocket of the Historic South Central District with Convenient Access to Employment Centers, Retail & Entertainment
  • Professionally Managed Building that has Been Attentively Maintained

Exclusively Listed By

Financing By

Multifamily

1557 West 52nd Street

Listing Price: $1,250,000

Cap Rate
6.04%
Number of Units
6
GRM
10.65
Price/Unit
$208,333
Price/Gross SF
$374.59
Gross SF
3,337

Investment Highlights

  • There is 38% Rental Upside that can be Captured Through Interior Renovations
  • Located Less than 1.5 Miles from the 110 Freeway, Allowing Tenants Convenient Access Throughout the City
  • The Subject Property is Located in a Dense Pocket of the Historic South Central District with Convenient Access to Employment Centers, Retail & Entertainment
  • Professionally Managed Building that has Been Attentively Maintained

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six unit apartment community located at 1557 West 52nd Street. The subject property is located just east of Western Avenue on 52nd Street 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 6,502 square foot parcel, the property is comprised studios, two-bedroom and four-bedroom units. There is 38% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 1557 W 52nd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. *LA County Assessor Indicates that the Property has a Total of 2Beds/6Baths. Buyer to Verify Unit Configuration.

Exclusively Listed By

Financing By

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