448 52ND Street

Los Angeles, CA 90037

$607,879

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1922

calendar_month Built

Property Description

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

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 448 52ND Street
City Los Angeles
State CA
Zip 90037
County Los Angeles
Listing Agent Neema Ahadian DRE#01346750
Courtesy Of Marcus & Millichap
MLS 19530314
Close Price $607,879
Close Date Tuesday, March 10th, 2020
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 2,301
Year Built 1922
DOM 104

Exterior Information

Maps

Listing information courtesy of: Neema Ahadian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 23rd, 2020 at 11:01 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.