907-909 Glendale Blvd, Los Angeles, CA 90026
10 Unit Apartment Building | $2,575,000 ($257,500/Unit) | 4% Cap Rate | Los Angeles, CA 90026
For Sale
Active
15 pictures
Asking Price $2,575,000
- Property Type
-
Multifamily
- Square Feet
- 4,312 SF
Listing Contacts
Andres Diaz
- Property Info
Property Overview
Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thrity-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.
Property Details
- Class
- C
- Year Built
- 1923
- Stories
- 1
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 10
Highlights
- Assumable Finacing at 3.66% Interest Rate till 2032
- Rare Opportunity to Acquire Apartments across Echo Park Lake
- Approximately Thirty-Eight (38%) Percent Rental Upside
- Highly-Sought After Bungalow Style Units Near Sunset Boulevard
- 97 Walk Score: Short Distance to Many Dining Options & Entertainment
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