448 W 52nd Street, Los Angeles (City)

$700,000

0 Beds
0 Baths
0 Sqft
0 Lot Sqft
0 Garages

The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively

Essential Information
MLS® #19530314
Price$700,000
Bathrooms0.00
Acres0.00
Year Built1922
TypeResidential Income
StatusActive
No of Units4
Community Information
Address448 W 52nd Street
AreaDowntown L.A. (C42)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90037
Interior
# of Stories2
Additional Information
Date ListedOctober 22nd, 2019
Days on Market91
ZoningLAC2
Listing Details
AgentNeema Ahadian(01346750)
OfficeMarcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of January 21st, 2020 at 4:53pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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