Multifamily

142 W 52nd St

142 W 52nd St, Los Angeles, CA 90037

Listing Price: $849,000

Cap Rate
3.62%
Number of Units
4
Price/Unit
$212,250
Price/Gross SF
$264.49
Gross SF
3,210

Investment Overview

Marcus & Millichap is pleased to present to market 142 West 52nd Street, a four-unit value-add opportunity with major upside potential in South Los Angeles. The property is located proximate to the 110 Freeway, one block west of Main Street, and within just a few blocks of a major grocery store (Food4Less) and Main Street Elementary School. 142 West 52nd Street is a 1920 construction asset consisting of two buildings that offer two three-bedroom/one-bath units and two one-bedroom/one-bath units. The property also offers two surface parking spaces. The building was upgraded in 2017 with new plumbing and new water and electric meters. All units are now separately metered for water, gas, and electricity, helping keep owner expenses to a minimum. With current rents at half of market rates, 142 West 52nd Street presents an excellent value-add opportunity with a desirable unit mix in a dense rental market.

Investment Highlights

  • Major Value-Add Opportunity in a Dense Submarket
  • Desirable Mix of Two Three-Bedroom and Two One-Bedroom Units
  • Building Was Upgraded in 2017 With New Plumbing and New Water and Electric Meters
  • Separately Metered for All Utilities
  • Located Just a Couple Blocks From a Major Grocery Store and Main Street Elementary School

Exclusively Listed By

Listing Price: $849,000

Cap Rate
3.62%
Number of Units
4
Price/Unit
$212,250
Price/Gross SF
$264.49
Gross SF
3,210

Investment Highlights

  • Major Value-Add Opportunity in a Dense Submarket
  • Desirable Mix of Two Three-Bedroom and Two One-Bedroom Units
  • Building Was Upgraded in 2017 With New Plumbing and New Water and Electric Meters
  • Separately Metered for All Utilities
  • Located Just a Couple Blocks From a Major Grocery Store and Main Street Elementary School

Investment Overview

Marcus & Millichap is pleased to present to market 142 West 52nd Street, a four-unit value-add opportunity with major upside potential in South Los Angeles. The property is located proximate to the 110 Freeway, one block west of Main Street, and within just a few blocks of a major grocery store (Food4Less) and Main Street Elementary School. 142 West 52nd Street is a 1920 construction asset consisting of two buildings that offer two three-bedroom/one-bath units and two one-bedroom/one-bath units. The property also offers two surface parking spaces. The building was upgraded in 2017 with new plumbing and new water and electric meters. All units are now separately metered for water, gas, and electricity, helping keep owner expenses to a minimum. With current rents at half of market rates, 142 West 52nd Street presents an excellent value-add opportunity with a desirable unit mix in a dense rental market.

Exclusively Listed By

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