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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$2,650,000
Est. payment /mo
10,032 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,032 sqft
Price per Sqft $264
MLS Listing ID CRSB25188209
HOA Y/N No
Year Built 1929
Lot Size 7,002 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry No Hookups
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