5218 Latham St, Los Angeles, CA 90011
The Neema Group of Marcus & Millichap is pleased to present 5218 Latham Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon. The subject property offers an investor the rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership. The subject property is located two blocks from Hooper Avenue Elementary School and has a walk score of 75. Residents have many transportation options available as the property is in close proximity to the Metro A Rail Line as well as multiple Metro bus lines along Hooper Avenue and Compton Avenue. 5218 Latham Street is ideally located for residents to commute to employment opportunities in Downtown Los Angeles as well as the neighboring industrial cities of Vernon and Huntington Park with plentiful warehouse and manufacturing employment.
The Neema Group of Marcus & Millichap is pleased to present 5218 Latham Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon. The subject property offers an investor the rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership. The subject property is located two blocks from Hooper Avenue Elementary School and has a walk score of 75. Residents have many transportation options available as the property is in close proximity to the Metro A Rail Line as well as multiple Metro bus lines along Hooper Avenue and Compton Avenue. 5218 Latham Street is ideally located for residents to commute to employment opportunities in Downtown Los Angeles as well as the neighboring industrial cities of Vernon and Huntington Park with plentiful warehouse and manufacturing employment.
