211 Avenue 63, Los Angeles, CA 90042
4 Unit Apartment Building | $1,250,000 ($312,500/Unit) | 5.72% Cap Rate | Los Angeles, CA 90042
For Sale
Active
Asking Price $1,250,000
- Property Type
-
Multifamily
- Square Feet
- 2,768 SF
Listing Contacts
Jonathan Weir
- Property Info
Property Overview
The Weir Group of Marcus & Millichap is pleased to present our newest listing in Highland Park. 211 N Ave 63 is comprised of two renovated loft-style units and two 1 bedroom/1 bathroom units. The property offers ample surface parking and optimal floor plans. This trendy and upscale neighborhood is a solid majority-renter market with low vacancy rates. Each unit has its own washer/dryer , private patio space, and open floorplans. The property is extremely well located and only 1 block from Figueroa St. This offering presents a great opportunity for an investor to acquire an asset with newer built units/steady cash flow in a strong rental market and capture upside in rents.
Property Details
- Year Built/Renovated
- 1922/2008
- Stories
- 2
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 4
Highlights
- Walker's Paradise 91 WalkScore
- Trendy Highland Park Neighborhood in the Heart of the Action
- Cash Flowing Property with Newer-Built Units
- Ample Parking and Optimal Floorplans
Nearby Properties
Similar Properties
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