4026 S Morgan Avenue
Los Angeles, CA 90011
4538 sqft | 12 beds | 0.18 acres | #25502429
Description
VALUE ADD DEAL WITH APPROXIMATELY 68% UPSIDE IN RENTS! Priced at 6.51 GRM and 11.9% CAP with rents at market. Please contact listing agent for marketing package. Keller Williams Commercial Beverly Hills has been exclusively retained by the owner in connection with the sale of 4026 S. Morgan Ave, a 6-unit apartment building centrally located in South Los Angeles within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. The Property has been well maintained by the current ownership and is fully occupied. Excellent unit mix consisting of five large 2 bedroom 1 bath units and one 3 bedroom 2 bath unit. The property is separately metered for gas, electricity and tenants pay their own trash bill. Property features gated parking and on-site laundry room with machines owned by Seller. Priced at $220,833/unit, $292/S.F, 5.84% CAP and 10.95 x current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.51 GRM and 11.9% CAP with rents at market.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,395,000
- MLS #25502429
- MLS #25502429
- Cost1325000
- Acres0.182
- Square Feet4538
- Year Built1963
- Bedrooms12
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ramin Gheitanchi (#CLW-X86279)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)
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