Los Angeles, CA 90011,4026 S Morgan Ave
$1,395,000
Est. payment /mo
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12 BD
7 BA
4,538 SqFt
New

4026 S Morgan Ave Los Angeles, CA 90011

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UPDATED:

02/24/2025 07:39 PM

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


TheMLS (CLAW)
Listed by Keller Williams Beverly Hills

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agent

Dallas Baker

+1(424) 243-7444

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4026 S Morgan Ave