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Multifamily

144 S Ave 55

144 S Ave 55, Los Angeles, CA 90042

Listing Price: $5,200,000

Cap Rate
2.37%
Number of Units
16
Price/Unit
$325,000
Price/Gross SF
$470.67
Gross SF
11,048

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suited for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.

Investment Highlights

  • Excellent Unit Mix Offering One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • 144 South Avenue 55 Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 50%.
  • Property has New Landscaping, Exterior Paint and Intercom System.
  • Offers On-Site Gated Parking and Laundry Facilities for Tenants.
  • Walkscore.com Rates 144 South Avenue 55 a Walker's Paradise; Daily Errands do not Require a Car.

Exclusively Listed By

Financing By

Multifamily

144 S Ave 55

Listing Price: $5,200,000

Cap Rate
2.37%
Number of Units
16
Price/Unit
$325,000
Price/Gross SF
$470.67
Gross SF
11,048

Investment Highlights

  • Excellent Unit Mix Offering One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • 144 South Avenue 55 Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 50%.
  • Property has New Landscaping, Exterior Paint and Intercom System.
  • Offers On-Site Gated Parking and Laundry Facilities for Tenants.
  • Walkscore.com Rates 144 South Avenue 55 a Walker's Paradise; Daily Errands do not Require a Car.

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suited for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.

Exclusively Listed By

Financing By

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