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Multifamily

Ford.722

722 S Ford Blvd, East Los Angeles, CA 90022

Listing Price: $2,200,000

Cap Rate
7.27%
Number of Units
12
GRM
8.22
Price/Unit
$183,333
Price/Gross SF
$307.86
Gross SF
7,146

Investment Overview

Marcus & Millichap is pleased to present 722 S Ford Blvd, a 12-
unit multifamily investment opportunity in East Los Angeles,
located just north of Whittier Blvd off the 710 Freeway
•••
The property features a unit mix of seven one-bedrooms and five
two-bedrooms
•••
At the asking price, the property is being offered at a 7.27%
CAP rate and 8.22 GRM on current income with an additional
15% rental upside, offering high in-place yield
•••
The property is well-maintained, and ownership has completed
significant cap ex items including the exterior paint and
façade, new windows, water heater, renovated common area
hallways with vinyl-plank flooring and new paint, and renovated
interior units include recessed lighting, new flooring, wall AC
units, stainless steel appliances, new kitchen cabinetry with
backsplashes, and renovated bathrooms
•••
Additional upside achievable through parking in the rear of the
property or a potential ADU(s) (Buyer to verify)
•••
The property has a secure entrance, and common area laundry
with two washers and two dryers, leased to Wash
•••
The property is a half-mile from the Metro L Rail Line, and
walking distance to the Metro Local Lines along Ford Blvd and
Whittier Blvd
•••
The location offers easy access to the 710, 5, and 60 Freeways
for a commute to Downtown Los Angeles, Vernon, Commerce,
and the San Gabriel Valley

Investment Highlights

  • • The Neema Group of Marcus & Millichap is pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Hollywood, located just north of Whittier Blvd off the 710 Freeway
  • • The property features a unit mix of seven one-bedrooms and five two-bedrooms
  • • At the asking price, the property is being offered at a 7.27% CAP rate and 8.22 GRM on current income with an additional 15% rental upside, offering high in-place yield

Exclusively Listed By

Financing By

Listing Price: $2,200,000

Cap Rate
7.27%
Number of Units
12
GRM
8.22
Price/Unit
$183,333
Price/Gross SF
$307.86
Gross SF
7,146

Investment Highlights

  • • The Neema Group of Marcus & Millichap is pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Hollywood, located just north of Whittier Blvd off the 710 Freeway
  • • The property features a unit mix of seven one-bedrooms and five two-bedrooms
  • • At the asking price, the property is being offered at a 7.27% CAP rate and 8.22 GRM on current income with an additional 15% rental upside, offering high in-place yield

Investment Overview

Marcus & Millichap is pleased to present 722 S Ford Blvd, a 12- unit multifamily investment opportunity in East Los Angeles, located just north of Whittier Blvd off the 710 Freeway ••• The property features a unit mix of seven one-bedrooms and five two-bedrooms ••• At the asking price, the property is being offered at a 7.27% CAP rate and 8.22 GRM on current income with an additional 15% rental upside, offering high in-place yield ••• The property is well-maintained, and ownership has completed significant cap ex items including the exterior paint and façade, new windows, water heater, renovated common area hallways with vinyl-plank flooring and new paint, and renovated interior units include recessed lighting, new flooring, wall AC units, stainless steel appliances, new kitchen cabinetry with backsplashes, and renovated bathrooms ••• Additional upside achievable through parking in the rear of the property or a potential ADU(s) (Buyer to verify) ••• The property has a secure entrance, and common area laundry with two washers and two dryers, leased to Wash ••• The property is a half-mile from the Metro L Rail Line, and walking distance to the Metro Local Lines along Ford Blvd and Whittier Blvd ••• The location offers easy access to the 710, 5, and 60 Freeways for a commute to Downtown Los Angeles, Vernon, Commerce, and the San Gabriel Valley

Exclusively Listed By

Financing By

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