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Multifamily

2815 Hyde Park Blvd

2815 Hyde Park Blvd, Los Angeles, CA 90043

Listing Price: $1,192,500

Cap Rate
4.47%
Number of Units
4
GRM
13.09
Price/Unit
$298,125
Price/Gross SF
$301.21
Gross SF
3,959

Investment Overview

Marcus & Millichap is pleased to present to market the fourplex located at 2815 Hyde Park Boulevard in Los Angeles’ Hyde Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset with a desirable unit mix, spacious floor plans, and 21 rental upside in a redeveloping rental submarket.

2815 Hyde Park Boulevard is a 3,956-square foot 1956 construction fourplex on a large corner lot, and the building offers one three-bed/two-bath unit, two two-bed/one-baths, and one one-bed/one-bath. The property also features a large fenced patio, two two-car garages, a single-car garage, and tandem driveway parking.The three-bedroom unit was recently renovated and boasts upgrades that include quartz countertops, laminate flooring, and more.

The property is located less than a half-mile from the Crenshaw/LAX Metro K Line that opened in 2022; the metro line continues to spur a flurry of multifamily developments in the area thanks to Transit-Oriented Communities (TOC) incentives. 2815 Hyde Park Boulevard is zoned Tier 1 TOC (buyer to verify).

Investment Highlights

  • Great opportunity to acquire an asset in the redeveloping Hyde Park submarket with a desirable unit mix, spacious floor plans, and 21 percent rental upside
  • Property is a fourplex with one one-bed/one-bath, two two-bed/one-baths, and one three-bed/two-bath
  • The three-bedroom unit has been recently remodeled
  • Situated on a corner lot with a large fenced patio
  • Building features two two-car garages, a single-car garage, and tandem driveway parking
  • Located less than a half-mile from the Crenshaw/LAX Metro K line and retail along Crenshaw Boulevard
  • Zoned Tier 1 TOC (Buyer to verify)

Exclusively Listed By

Multifamily

2815 Hyde Park Blvd

Listing Price: $1,192,500

Cap Rate
4.47%
Number of Units
4
GRM
13.09
Price/Unit
$298,125
Price/Gross SF
$301.21
Gross SF
3,959

Investment Highlights

  • Great opportunity to acquire an asset in the redeveloping Hyde Park submarket with a desirable unit mix, spacious floor plans, and 21 percent rental upside
  • Property is a fourplex with one one-bed/one-bath, two two-bed/one-baths, and one three-bed/two-bath
  • The three-bedroom unit has been recently remodeled
  • Situated on a corner lot with a large fenced patio
  • Building features two two-car garages, a single-car garage, and tandem driveway parking
  • Located less than a half-mile from the Crenshaw/LAX Metro K line and retail along Crenshaw Boulevard
  • Zoned Tier 1 TOC (Buyer to verify)

Investment Overview

Marcus & Millichap is pleased to present to market the fourplex located at 2815 Hyde Park Boulevard in Los Angeles’ Hyde Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset with a desirable unit mix, spacious floor plans, and 21 rental upside in a redeveloping rental submarket. 2815 Hyde Park Boulevard is a 3,956-square foot 1956 construction fourplex on a large corner lot, and the building offers one three-bed/two-bath unit, two two-bed/one-baths, and one one-bed/one-bath. The property also features a large fenced patio, two two-car garages, a single-car garage, and tandem driveway parking.The three-bedroom unit was recently renovated and boasts upgrades that include quartz countertops, laminate flooring, and more. The property is located less than a half-mile from the Crenshaw/LAX Metro K Line that opened in 2022; the metro line continues to spur a flurry of multifamily developments in the area thanks to Transit-Oriented Communities (TOC) incentives. 2815 Hyde Park Boulevard is zoned Tier 1 TOC (buyer to verify).

Exclusively Listed By

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