Multifamily

209 E 28th St

209 E 28th St, Los Angeles, CA 90011

Listing Price: $699,000

Cap Rate
3.21%
Number of Units
2
GRM
19.42
Occupancy
97.0%
Price/Unit
$349,500
Price/Gross SF
$494.34
Gross SF
1,414

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a three building 11-unit portfolio within blocks of each other. The subject properties are located in Los Angeles and are minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District and USC Campus. The portfolio consists of a 4 unit building at 124 e 24th St consisting of four 1+1's. 209 e 28th St is a duplex consisting of two 3+2's of which the residents pay for all utilities with potential for two ADU's. 246 e 28th st is a 5-unit consisting of four 2+2's and one 1+1. Ownership has held the portfolio for decades. The properties are located within an opportunity zone

Investment Highlights

  • Good existing cash flow 4.93% Cap Rate Blended
  • Three Building Portfolio within blocks of each other and in Opportunity Zone
  • Been in the same family for decades.
  • Substantial Rent Upside Current Rents Have Approximately $75,000 in upside
  • Located Minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District
  • Impressive unit mix throughout: Two 3 beds, four 2 beds and five 1 beds

Exclusively Listed By

Listing Price: $699,000

Cap Rate
3.21%
Number of Units
2
GRM
19.42
Occupancy
97.0%
Price/Unit
$349,500
Price/Gross SF
$494.34
Gross SF
1,414

Investment Highlights

  • Good existing cash flow 4.93% Cap Rate Blended
  • Three Building Portfolio within blocks of each other and in Opportunity Zone
  • Been in the same family for decades.
  • Substantial Rent Upside Current Rents Have Approximately $75,000 in upside
  • Located Minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District
  • Impressive unit mix throughout: Two 3 beds, four 2 beds and five 1 beds

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a three building 11-unit portfolio within blocks of each other. The subject properties are located in Los Angeles and are minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District and USC Campus. The portfolio consists of a 4 unit building at 124 e 24th St consisting of four 1+1's. 209 e 28th St is a duplex consisting of two 3+2's of which the residents pay for all utilities with potential for two ADU's. 246 e 28th st is a 5-unit consisting of four 2+2's and one 1+1. Ownership has held the portfolio for decades. The properties are located within an opportunity zone

Exclusively Listed By

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