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Multifamily

827 W Colden Ave

827 W Colden Ave, Los Angeles, CA 90044

Listing Price: $1,450,000

Cap Rate
3.28%
Number of Units
8
Price/Unit
$181,250
Price/Gross SF
$274.10
Gross SF
5,290

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 827 West Colden Avenue, an eight-unit apartment community in Los Angeles. 827 West Colden Avenue is situated just north of Century Boulevard in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of six one-bedroom units and two two-bedroom units. The property is 5,290 square feet, located on an 8,821 square foot lot and is walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles. The location provides convenient access to daily errands and retail options. The value-add potential for a new owner to upgrade the unrenovated units to achieve superior future returns moving forward makes 827 West Colden Avenue an excellent investment opportunity.

Investment Highlights

  • 67 Percent Remaining Rental Upside Through Capital Improvements and Interior Upgrades to Unrenovated Units
  • All Tenants are Current and Paying Full Rent. Property Collections Remained Strong Throughout COVID-19 Demonstrating the Stable Tenancy
  • New Ownership has the Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program
  • 8 Parking Spaces
  • The Subject Property is Only Three Miles Away from the $5 Billion SoFi Development, Which Will be Responsible for Employing 3,000 Workers. The Colden Property is Also 3.5 Miles Away From the Future Clipper's Stadium, Which is a $1.2 Billion Development
  • Long Term Ownership and Has Not Been on the Market in Over 45+ Years

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
3.28%
Number of Units
8
Price/Unit
$181,250
Price/Gross SF
$274.10
Gross SF
5,290

Investment Highlights

  • 67 Percent Remaining Rental Upside Through Capital Improvements and Interior Upgrades to Unrenovated Units
  • All Tenants are Current and Paying Full Rent. Property Collections Remained Strong Throughout COVID-19 Demonstrating the Stable Tenancy
  • New Ownership has the Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program
  • 8 Parking Spaces
  • The Subject Property is Only Three Miles Away from the $5 Billion SoFi Development, Which Will be Responsible for Employing 3,000 Workers. The Colden Property is Also 3.5 Miles Away From the Future Clipper's Stadium, Which is a $1.2 Billion Development
  • Long Term Ownership and Has Not Been on the Market in Over 45+ Years

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 827 West Colden Avenue, an eight-unit apartment community in Los Angeles. 827 West Colden Avenue is situated just north of Century Boulevard in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of six one-bedroom units and two two-bedroom units. The property is 5,290 square feet, located on an 8,821 square foot lot and is walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles. The location provides convenient access to daily errands and retail options. The value-add potential for a new owner to upgrade the unrenovated units to achieve superior future returns moving forward makes 827 West Colden Avenue an excellent investment opportunity.

Exclusively Listed By

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