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Multifamily

4215 S Kansas Ave

4215 S Kansas Ave, Los Angeles, CA 90037

Listing Price: $3,650,000

Cap Rate
4.81%
Number of Units
24
GRM
11.98
Price/Unit
$152,083
Price/Gross SF
$382.20
Gross SF
9,550

Investment Overview

Marcus & Millichap is pleased to present to market 4215 Kansas Avenue, a 24-unit apartment building in Los Angeles, California. The property is in a strong rental location just a half-mile from Expo Park and top Los Angeles attractions that include the L.A. Memorial Coliseum, BMO Stadium, the Lucas Museum, the California Science Center, the California History Museum, and more. Furthermore, USC and the Metro Expo line are just one mile from the property.

4215 Kansas Avenue features 23 studio apartments and one one-bedroom unit. Many of the units have been upgraded, and all are separately metered for gas and electricity. The building also offers on-site laundry.

Current rents offer a new investor 27 percent rental upside, and attractive assumable financing make this a great acquisition opportunity in a dense rental market. Assumable financing terms: Freddie Mac loan via CBRE with a fixed rate of 3.71% until May 1st, 2030. $1,268,411.93 balance remaining as of October 2024.

Investment Highlights

  • Excellent Opportunity to Acquire a Partially Renovated Apartment Building in a Strong Rental Area Proximate to Expo Park and Its Major Los Angeles Attractions
  • Attractive Assumable Financing Available: 3.71% Fixed Rate Until May 2030
  • Property Features a Mix of 23 Studios, One One-Bed/One- Bath Unit, Controlled Access, and On-Site Laundry
  • Approximately Two-Thirds of the Units Have Been Renovated
  • Current Rents Offer 27 Percent Rental Upside
  • Located West of the 110 Freeway Steps to Manual Arts Sr. High School, a Half-Mile to Expo Park (LA Memorial Coliseum, Lucas Museum, BMO Stadium, etc.) and One Mile to USC

Exclusively Listed By

Multifamily

4215 S Kansas Ave

Listing Price: $3,650,000

Cap Rate
4.81%
Number of Units
24
GRM
11.98
Price/Unit
$152,083
Price/Gross SF
$382.20
Gross SF
9,550

Investment Highlights

  • Excellent Opportunity to Acquire a Partially Renovated Apartment Building in a Strong Rental Area Proximate to Expo Park and Its Major Los Angeles Attractions
  • Attractive Assumable Financing Available: 3.71% Fixed Rate Until May 2030
  • Property Features a Mix of 23 Studios, One One-Bed/One- Bath Unit, Controlled Access, and On-Site Laundry
  • Approximately Two-Thirds of the Units Have Been Renovated
  • Current Rents Offer 27 Percent Rental Upside
  • Located West of the 110 Freeway Steps to Manual Arts Sr. High School, a Half-Mile to Expo Park (LA Memorial Coliseum, Lucas Museum, BMO Stadium, etc.) and One Mile to USC

Investment Overview

Marcus & Millichap is pleased to present to market 4215 Kansas Avenue, a 24-unit apartment building in Los Angeles, California. The property is in a strong rental location just a half-mile from Expo Park and top Los Angeles attractions that include the L.A. Memorial Coliseum, BMO Stadium, the Lucas Museum, the California Science Center, the California History Museum, and more. Furthermore, USC and the Metro Expo line are just one mile from the property. 4215 Kansas Avenue features 23 studio apartments and one one-bedroom unit. Many of the units have been upgraded, and all are separately metered for gas and electricity. The building also offers on-site laundry. Current rents offer a new investor 27 percent rental upside, and attractive assumable financing make this a great acquisition opportunity in a dense rental market. Assumable financing terms: Freddie Mac loan via CBRE with a fixed rate of 3.71% until May 1st, 2030. $1,268,411.93 balance remaining as of October 2024.

Exclusively Listed By

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