Multifamily

Three Building 11-Unit Portfolio with ADU Potential

209 & 246 E 28th St, Los Angeles, CA 90011

Listing Price: $2,569,000

Cap Rate
4.93%
Number of Units
11
GRM
13.43
Occupancy
97.0%
Price/Unit
$233,545
Price/Gross SF
$298.58
Gross SF
8,604

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

  • Been in the same family for decades
  • Great unit Mix of four 1+1's
  • Opportunity Zone
  • Located Minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District

Exclusively Listed By

Multifamily

Three Building 11-Unit Portfolio with ADU Potential

Listing Price: $2,569,000

Cap Rate
4.93%
Number of Units
11
GRM
13.43
Occupancy
97.0%
Price/Unit
$233,545
Price/Gross SF
$298.58
Gross SF
8,604

Investment Highlights

  • Been in the same family for decades
  • Great unit Mix of four 1+1's
  • Opportunity Zone
  • Located Minutes from L.A. Memorial Coliseum, LA Live, Stapes Center, Arts District

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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