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Multifamily

3557 Percy Street

3557 Percy Street, Los Angeles, CA 90023

Listing Price: $2,050,000

Cap Rate
5.28%
Number of Units
6
Price/Unit
$341,667
Price/Gross SF
$402.51
Gross SF
5,093

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six-unit apartment community located at 3557 Percy Street. The subject property is located in Boyle Heights within East Los Angeles just north of Whittier Boulevard. This area is expected to see strong rent growth due to new development sweeping Downtown, The Arts District, and the immediate block. Current Ownership has extensively renovated the property and features thoughtful design details like quartz countertops, high-quality flooring, custom cabinets and shelving, recessed lighting, state-of-the-art appliances, and ample storage. Units also include brand-new heating/cooling systems and washer and dryers. The property is surrounded by ecofriendly landscaping and boasts a community courtyard perfect for entertaining along with an enhanced exterior façade with new paint. 3557 Percy Street provides investors a rare fully renovated buying opportunity that is well-suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

Investment Highlights

  • Adjacent New Developments: Brand new construction on both sides of the subject property demonstrating the influx of new capital pouring into the neighborhood.
  • Convenient Access to Multiple Freeways: Blocks away from 605 aand 710 Freeways.
  • No Soft-Story Parking Retrofit Needed
  • Historically Low Interest Rates Provide a Nearly Unprecedented Opportunity to Acquire a "Turnkey" Infill Los Angeles Apartment Building with Immediate Cash Flow and 70 Percent Leverage.
  • 3557 Percy Street is Less than a Seven-Minute Drive from Downtown Los Angeles and its Major Employers, World-Class Entertainment, Dining, and Retail Options.

Exclusively Listed By

Financing By

Listing Price: $2,050,000

Cap Rate
5.28%
Number of Units
6
Price/Unit
$341,667
Price/Gross SF
$402.51
Gross SF
5,093

Investment Highlights

  • Adjacent New Developments: Brand new construction on both sides of the subject property demonstrating the influx of new capital pouring into the neighborhood.
  • Convenient Access to Multiple Freeways: Blocks away from 605 aand 710 Freeways.
  • No Soft-Story Parking Retrofit Needed
  • Historically Low Interest Rates Provide a Nearly Unprecedented Opportunity to Acquire a "Turnkey" Infill Los Angeles Apartment Building with Immediate Cash Flow and 70 Percent Leverage.
  • 3557 Percy Street is Less than a Seven-Minute Drive from Downtown Los Angeles and its Major Employers, World-Class Entertainment, Dining, and Retail Options.

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six-unit apartment community located at 3557 Percy Street. The subject property is located in Boyle Heights within East Los Angeles just north of Whittier Boulevard. This area is expected to see strong rent growth due to new development sweeping Downtown, The Arts District, and the immediate block. Current Ownership has extensively renovated the property and features thoughtful design details like quartz countertops, high-quality flooring, custom cabinets and shelving, recessed lighting, state-of-the-art appliances, and ample storage. Units also include brand-new heating/cooling systems and washer and dryers. The property is surrounded by ecofriendly landscaping and boasts a community courtyard perfect for entertaining along with an enhanced exterior façade with new paint. 3557 Percy Street provides investors a rare fully renovated buying opportunity that is well-suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

Exclusively Listed By

Financing By

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