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Multifamily

228 W 111th Pl

228 W 111th Pl, Los Angeles, CA 90061

Listing Price: $650,000

Cap Rate
5.18%
Number of Units
6
Occupancy
97.0%
Price/Unit
$108,333
Price/Gross SF
$354.03
Gross SF
1,836

Investment Overview

Marcus & Millichap is pleased to present 228 W 111th Place, a well maintained six unit apartment building located in South Los Angeles. The property consists of six identical studio style units, split into two single story tri-plexes that was constructed in 1940. The property is going to be delivered with two vacancies, allowing a new investor to immediately renovate and raise rents to market, with additional upside

Investment Highlights

  • Value-Add opportunity in South Los Angeles with substantial upside in rents
  • Property going to be delivered with two vacancies at close of escrow
  • Two separate tri-plexes on an oversized lot
  • Well maintained single story buildings

Exclusively Listed By

Listing Price: $650,000

Cap Rate
5.18%
Number of Units
6
Occupancy
97.0%
Price/Unit
$108,333
Price/Gross SF
$354.03
Gross SF
1,836

Investment Highlights

  • Value-Add opportunity in South Los Angeles with substantial upside in rents
  • Property going to be delivered with two vacancies at close of escrow
  • Two separate tri-plexes on an oversized lot
  • Well maintained single story buildings

Investment Overview

Marcus & Millichap is pleased to present 228 W 111th Place, a well maintained six unit apartment building located in South Los Angeles. The property consists of six identical studio style units, split into two single story tri-plexes that was constructed in 1940. The property is going to be delivered with two vacancies, allowing a new investor to immediately renovate and raise rents to market, with additional upside

Exclusively Listed By

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