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Multifamily

1018 - 1020 South Lorena Street

1018 - 1020 South Lorena Street, Los Angeles, CA 90023

Listing Price: $2,300,000

Cap Rate
4.00%
Number of Units
10
Occupancy
100.0%
Price/Unit
$230,000
Price/Gross SF
$392.36
Gross SF
5,862

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, on-site laundry, and has been seismic retrofitted. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of three major freeways, the State Route 60, U.S. 101, and the Interstate 5 freeway. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.

Investment Highlights

  • Over 41% Upside in Rent
  • Excellent location
  • Individually metered for gas and electricity

Exclusively Listed By

Multifamily

1018 - 1020 South Lorena Street

Listing Price: $2,300,000

Cap Rate
4.00%
Number of Units
10
Occupancy
100.0%
Price/Unit
$230,000
Price/Gross SF
$392.36
Gross SF
5,862

Investment Highlights

  • Over 41% Upside in Rent
  • Excellent location
  • Individually metered for gas and electricity

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, on-site laundry, and has been seismic retrofitted. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of three major freeways, the State Route 60, U.S. 101, and the Interstate 5 freeway. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.

Exclusively Listed By

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