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Offered at an attractive basis of approximately $249,938 per unit, 2204 Slauson Avenue presents a compelling 16-unit multifamily investment opportunity in South Los Angeles. The property features a well-balanced unit mix of (6) Studio units and (10) One-Bedroom/One-Bathroom units, providing broad tenant appeal and consistent demand. Current in-place income delivers a strong 6.17% CAP rate and 10.58 GRM, offering immediate cash flow with room for future growth. The asset also presents meaningful upside potential, with projected market performance reaching a 6.84% CAP rate and 9.66 market GRM through rental optimization. This combination of stable existing income and value-add opportunity positions the property well for both long-term hold and yield-focused investors. Located in the Van Ness neighborhood of South Los Angeles, west of South Central and northeast of Inglewood, the property benefits from a central infill location with proximity to major employment centers, transportation corridors, and continued investment activity throughout the surrounding submarkets. 2204 Slauson Avenue offers investors a rare opportunity to acquire scale, cash flow, and upside at a compelling cost basis in a supply-constrained rental market.
| Last Updated | 3/3/2026 | Year Built | 1981 |
|---|---|---|---|
| Community | PHHT - Park Hills Heights | County | Los Angeles |
Price History
| Prior to Mar 3, '26 | $4,250,000 |
|---|---|
| Mar 3, '26 - Today | $3,999,000 |
Additional Details
| AREA | PHHT - Park Hills Heights |
|---|---|
| LOT | 0.2573 acre(s) |
| LOT DIMENSIONS | 11206 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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