1141 E Florence Avenue 1141-1147 Unit 1141-1147, Los Angeles, CA 90001

$6,700,000
11
BD
34
BA
10,606
SqFt
List Price
$6,700,000
Status
ACTIVE
MLS#
22202661
Bedrooms
11
Bathrooms
34
Living Sq. Ft
10,606
Lot Size
23,101
Acres
0.5303
Days on Market
31
Property Type
Multifamily

Property Description

A 34-unit investment opportunity in South Los Angeles, located between S Central Ave and Compton Ave. The property features a unit mix of 23 singles, nine one-bedrooms and two two-bedrooms with 21 parking spaces. A rare sizable asset for sale in the submarket with strong in-place cash flow at a 4.97% CAP rate and 12.28 GRM on current income. A community laundry is on-site with three washers and three dryers, providing additional income. The property is located down the street from a US Postal Service distribution center that totals 74 acres, as well as hundreds of thousands of square feet of industrial space, making the location ideal for employees to reside close to work.APNs: 6010-015-025 &6010-015-024

Additional Information

Appliances
Refrigerator
Heat
Natural Gas
Cooling Description
None
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
34

Listing courtesy of Listing Agent: Neema Ahadian (neema@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.