815 62Nd Pl, Los Angeles, CA 90044
5 Unit Apartment Building | $995,000 ($199,000/Unit) | 6.76% Cap Rate | Los Angeles, CA 90044
For Sale
Active
Asking Price $995,000
- Property Type
-
Multifamily
- Square Feet
- 2,664 SF
Listing Contacts
Jonathan Weir
Property Overview
The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. The property boast a going in 6.76% cap rate and a 9.57 GRM with upside potential. At market rents the property boast a 8.56% cap rate and an 8 GRM. A new owner can benefit from a low price point, high income, with room to push rents estimated 20%+. The property is located off of Hoover St and Gage Ave just west of the 110 Freeway. This are has experienced massive rental growth in the past 24 months and is projected to outperform other submarkets due to low new construction. For an investor looking for high income, a low price point, and future appreciation, look no further.
Property Details
- Class
- C
- Year Built
- 1922
- Stories
- 1
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 5
Highlights
- Low Price Per Unit
- One Unit Will Be Delivered Vacant
- 6.76% CAP | 9.57 GRM
- Partially Renovated
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].