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Multifamily

237 East 31st Street

237 E 31st St, Los Angeles, CA 90011

Listing Price: $759,000

Cap Rate
5.72%
Number of Units
3
Price/Unit
$253,000
Price/Gross SF
$317.31
Gross SF
2,392

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 237 East 31st Street, Los Angeles. The two structures consist of a total three units situated on a 6,253 square foot RD 1.5 zoned lot. It is composed two one-bedroom/one-bathroom units of one structure and one four-bedroom and two-bathroom unit in the other structure. It also has convenient parking spaces. The subject property is located within one mile from USC and two miles from Downtown Los Angeles. The property is a fully occupied triplex income property with tremendous upside potential. The astute investors can further improve property performance by doing renovations on units as they become vacant to capture market rents and higher-quality tenants.

Investment Highlights

  • Within Minutes from Downtown Los Angeles and USC
  • Tremendous Upside Potential
  • Two Structures (Front and Back)

Exclusively Listed By

Listing Price: $759,000

Cap Rate
5.72%
Number of Units
3
Price/Unit
$253,000
Price/Gross SF
$317.31
Gross SF
2,392

Investment Highlights

  • Within Minutes from Downtown Los Angeles and USC
  • Tremendous Upside Potential
  • Two Structures (Front and Back)

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 237 East 31st Street, Los Angeles. The two structures consist of a total three units situated on a 6,253 square foot RD 1.5 zoned lot. It is composed two one-bedroom/one-bathroom units of one structure and one four-bedroom and two-bathroom unit in the other structure. It also has convenient parking spaces. The subject property is located within one mile from USC and two miles from Downtown Los Angeles. The property is a fully occupied triplex income property with tremendous upside potential. The astute investors can further improve property performance by doing renovations on units as they become vacant to capture market rents and higher-quality tenants.

Exclusively Listed By

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