212 E 54th Street
Los Angeles, CA 90011
0.12 acres | #SB23210755
Description
212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of two buildings totaling 2,430 SF. Front building is a 4 Bedroom / 2 Bath House paying $3,700 and rear building has two 1 Bedroom / 1 Bath units paying $1,050 and $1,300 each. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Olga Wright (#SBWRIGOLG)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Listing Courtesy (Buyer)
Buyer's Agent: Sean Barnett (#SR207063758)
