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Multifamily

4319 Triggs St

4319 Triggs St, Los Angeles, CA 90023

Listing Price: $1,098,000

Cap Rate
6.18%
Number of Units
8
GRM
11.82
Occupancy
97.0%
Price/Unit
$137,250
Price/Gross SF
$291.40
Gross SF
3,768

Investment Overview

High income-producing property located in East Los Angeles close to the 5, 710, and 60 freeways intersections.

Potential of adding an 8th unit per ADU guidelines which would greatly enhance the value of this asset. Hard-to-find in-place cap rate of 5.58%, low operating expenses, individual water heaters, no trash bills, no seismic retrofit required.

Easy to manage value-add investment with 100% rent collection, potential for increasing the number of existing units and considerable upside in rents.

Investment Highlights

  • Potential of turning the non-conforming unit into ADU (Buyer to verify independently)
  • Property is gated and secured
  • 100% rent collection
  • Three units have private yards
  • Strong in-place rents and a current cap rate of 6.18%
  • 7 legal units and one non-conforming unit

Exclusively Listed By

Listing Price: $1,098,000

Cap Rate
6.18%
Number of Units
8
GRM
11.82
Occupancy
97.0%
Price/Unit
$137,250
Price/Gross SF
$291.40
Gross SF
3,768

Investment Highlights

  • Potential of turning the non-conforming unit into ADU (Buyer to verify independently)
  • Property is gated and secured
  • 100% rent collection
  • Three units have private yards
  • Strong in-place rents and a current cap rate of 6.18%
  • 7 legal units and one non-conforming unit

Investment Overview

High income-producing property located in East Los Angeles close to the 5, 710, and 60 freeways intersections.

Potential of adding an 8th unit per ADU guidelines which would greatly enhance the value of this asset. Hard-to-find in-place cap rate of 5.58%, low operating expenses, individual water heaters, no trash bills, no seismic retrofit required.

Easy to manage value-add investment with 100% rent collection, potential for increasing the number of existing units and considerable upside in rents.

Exclusively Listed By

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