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$ 2,650,000
Est. payment | /mo
7,000 Sqft Lot
$ 2,650,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25188209
HOA Y/N No
Year Built 1929
Lot Size 7,000 Sqft
Property Sub-Type Apartment
Property Description
602 W 75th is a 16 unit apartment building in South LA, south of Florence, between Vermont and the 110 Freeway. The subject property offer an investor a great unit mix consisting of (11) 1 Bed/1 Bath, (4) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units. There is excellent day 1 cash flow being offered at a 9.16% cap rate and 6.66 GRM. The total gross leasable area of the building is 10,032 square feet and sits on a 7,002 square foot lot zoned LAR3. The two story, center hallway apartment building is wood frame stucco construction and the units are subject to LARSO. The front of the property offers a private landscaped space secured with a front gate.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6020021005
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559
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Jorge Alvarez
REALTOR® | Lic# 02047054