Multifamily

525 W Colden Ave

525 W Colden Ave, Los Angeles, CA 90044

Listing Price: $2,500,000

Cap Rate
5.37%
Number of Units
8
GRM
11.87
Occupancy
97.0%
Price/Unit
$312,500
Price/Gross SF
$192.69
Gross SF
12,974

Investment Overview

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 525 West Colden Avenue in Los Angeles, California. The subject property is situated in a strong South Los Angeles location, south of West 92nd Streat and west of South Figueroa Street.
South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. The subject property is situated in Vermont Vista, adjacent to Gramercy Park. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the areas many food and entertainment spaces within walking distance of the subject property. Tenants also enjoy the dominant access to any part of Los Angeles via nearby transportation hubs including S Western Ave, US-110 Freeway, US-105 Freeway, and LA Metro. However, the more noteworthy news for the area is the great revitalization plan for South LA. For the first time in decades, major development projects are underway in South LA. Most prominently, a huge NFL stadium just opened in Inglewood with a surrounding planned community made up of thousands of new homes currently under construction. But the development wave doesnt stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts.
This offering contains an incredible unit mix of eight (8) four-bedroom/three-bathroom townhouse units in one (1) large building. Residents can experience stylish living in these light and airy units. Built in 2005, this property is not subject to Los Angeles rent control. This newly constructed property sits on a nearly 17,500 square-foot lot in a cultured part of Los Angeles. Tenants can access the back on-site parking via W 95th St. In the front, residents will enjoy the well-maintained grassy area, perfect for picnics! The subject propertys close proximity to S Figueroa St makes this specific property area most desirable to both owners and tenants. The direct access to food and entertainment spaces keep residents busy and boosts the areas activity. Tenants can walk less than ten (10) minutes to W 92nd St and visit M Juicy Burger, Cancun Night Club, and Petes Market. The subject property is less than one (1) block from S Figueroa St, where residents can enjoy visiting the Mark Twain Branch Library, Marthas Mini Market, K&R Baby Shop, SNA General Discount Market, and Colden Market & Produce. Charles W. Barrett Elementary School is also on S Figueroa St, adjacent to the subject property. Some other schools in the area include Unique Preschool, Bret Harte Middle School, Alliance College-Ready Middle Academy, Watts Learning Center, and Owen Lloyd Knox Elementary School.
Situated in a strong South Los Angeles location, this offering presents an excellent opportunity to acquire a non-rent controlled newer property with an incredible unit mix.

Investment Highlights

  • Strong South Los Angeles Location
  • Good Rental Upside Potential
  • Incredible Unit Mix
  • Nearly 17,500 SF Lot
  • Fairly New Construction - Built in 2005
  • Property is Not Subject to LA Rent Control

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
5.37%
Number of Units
8
GRM
11.87
Occupancy
97.0%
Price/Unit
$312,500
Price/Gross SF
$192.69
Gross SF
12,974

Investment Highlights

  • Strong South Los Angeles Location
  • Good Rental Upside Potential
  • Incredible Unit Mix
  • Nearly 17,500 SF Lot
  • Fairly New Construction - Built in 2005
  • Property is Not Subject to LA Rent Control

Investment Overview

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 525 West Colden Avenue in Los Angeles, California. The subject property is situated in a strong South Los Angeles location, south of West 92nd Streat and west of South Figueroa Street.
South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. The subject property is situated in Vermont Vista, adjacent to Gramercy Park. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the areas many food and entertainment spaces within walking distance of the subject property. Tenants also enjoy the dominant access to any part of Los Angeles via nearby transportation hubs including S Western Ave, US-110 Freeway, US-105 Freeway, and LA Metro. However, the more noteworthy news for the area is the great revitalization plan for South LA. For the first time in decades, major development projects are underway in South LA. Most prominently, a huge NFL stadium just opened in Inglewood with a surrounding planned community made up of thousands of new homes currently under construction. But the development wave doesnt stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts.
This offering contains an incredible unit mix of eight (8) four-bedroom/three-bathroom townhouse units in one (1) large building. Residents can experience stylish living in these light and airy units. Built in 2005, this property is not subject to Los Angeles rent control. This newly constructed property sits on a nearly 17,500 square-foot lot in a cultured part of Los Angeles. Tenants can access the back on-site parking via W 95th St. In the front, residents will enjoy the well-maintained grassy area, perfect for picnics! The subject propertys close proximity to S Figueroa St makes this specific property area most desirable to both owners and tenants. The direct access to food and entertainment spaces keep residents busy and boosts the areas activity. Tenants can walk less than ten (10) minutes to W 92nd St and visit M Juicy Burger, Cancun Night Club, and Petes Market. The subject property is less than one (1) block from S Figueroa St, where residents can enjoy visiting the Mark Twain Branch Library, Marthas Mini Market, K&R Baby Shop, SNA General Discount Market, and Colden Market & Produce. Charles W. Barrett Elementary School is also on S Figueroa St, adjacent to the subject property. Some other schools in the area include Unique Preschool, Bret Harte Middle School, Alliance College-Ready Middle Academy, Watts Learning Center, and Owen Lloyd Knox Elementary School.
Situated in a strong South Los Angeles location, this offering presents an excellent opportunity to acquire a non-rent controlled newer property with an incredible unit mix.

Exclusively Listed By

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