156 E 120th St | Los Angeles, CA 90061
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- LoopNet Team
156 E 120th St
Los Angeles, CA 90061
156-200 E 120th St, Los Angeles, CA 90061 · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Approved plans for a 44 unit has been entitled with LADBS and is Ready-to-issue (RTI)
- 3 story building, no parking, no elevator, no individual water meter.
- Potential Gross income $ 1,202,496 with 10 % cap and 7.4 on original investment
- Very low cost construction type V,
- 44 affordable units, 38 units at market rent, 6 units extremly low income
- Resell value of $ 15,500,000 at 12.9 GRM or $352,000 per unit.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 38 | $42,480 | 550 |
| 2+1 | 6 | $6,507 | 849 |
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