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2352 Forney St 2 Unit Apartment Building Offered at $1,300,000 at a 6.06% Cap Rate Los Angeles, CA 90031
EXECUTIVE SUMMARY
The LA dream is alive in this rare offering, two remodeled homes on a corner lot in vibrant Frogtown. Each dwelling sits on its own side of the gated lot, separated by a shared garage for privacy. Delivered vacant and ready to generate income, the three-bedroom, two-bath residence features an open layout and a kitchen finished with stone countertops and stainless appliances. Outdoor nooks in front and back provide space to garden, dine, and unwind. The second home is a two-bedroom residence with stylish updates throughout its open-plan design. Each unit enjoys the convenience of its own parking and laundry, an ideal setup for owner-use or rental. From this desirable location you're moments from the LA River Bike Path, La Colombe, Spoke Caf, Wax Paper, Lingua Franca, Salazar, Frogtown Brewery, and more.
PROPERTY FACTS In Escrow
| Price | $1,300,000 | Property Type | Multifamily |
| Price Per Unit | $650,000 | Building Size | 1,874 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 6.06% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1924 |
| Price | $1,300,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,874 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1924 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 1 | $3,225 | - |
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2352 Forney St
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