4026 S Morgan Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,538 sqft
Price per Sqft $307
MLS Listing ID 25502429
Bedrooms 12
Year Built 1963
Lot Size 7,929 Sqft
Acres 0.1795
Property Sub-Type Multi-Family
Property Description
Value add deal with approximately 68% upside in rents! Priced at 6.86 GRM and 11.2% CAP with rents at market. Please contact listing agent for marketing package. Keller Williams Commercial Beverly Hills has been exclusively retained by the owner in connection with the sale of 4026 S. Morgan Ave, a 6-unit apartment building centrally located in South Los Angeles within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. The Property has been well maintained by the current ownership and is fully occupied. Excellent unit mix consisting of five large 2 bedroom 1 bath units and one 3 bedroom 2 bath unit. The property is separately metered for gas, electricity and tenants pay their own trash bill. Property features gated parking and on-site laundry room with machines owned by Seller. Priced at $232,500/unit, $307/S.F, 5.5% CAP and 11.53 x current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.86 GRM and 11.2% CAP with rents at market.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Other
Laundry Laundry Area
Exterior
Parking Features Gated
Garage Spaces 6.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard