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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.
Property Type(s):
Residential Income
| Last Updated | 2/24/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | Downtown L.A. |
|---|---|
| GARAGE | Gated |
| HEAT | Wall Furnace |
| LOT | 7929 sq ft |
| PARKING | Gated |
| STORIES | 2 |
| ZONING | LAR2 |
Location
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Listed with Keller Williams Beverly Hills
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