2617 Jeffries Ave 8 Unit Apartment Building $1,950,000 ($243,750/Unit) 5.65% Cap Rate Los Angeles, CA 90065

The SK Group of Marcus & Millichap is pleased to present the opportunity to acquire 2617 Jeffries Avenue, an 8-unit apartment building located in the Cypress Park neighborhood of Los Angeles. Built in 1913, this two-story property is situated on a 7,088 square foot lot and features 5,040 square feet of rentable space. The property is composed of five studio units and three 1 bed/1 bath units which have all received upgraded flooring, bathrooms, kitchen cabinets and countertops, and appliances. In addition to the interior upgrades, the property also offers full copper plumbing, a newer roof (2023), two water heaters, new metal awnings, new iron fencing, new insulation at attic, new hardscaping, and upgraded electrical systems with 5 of 8 units having newer subpanels. Tenants enjoy the benefits of on-site laundry and secure access. The property is master metered for gas and electricity.
Located just east of San Fernando Rd., west of Figueroa St. and north of the 5 Freeway, 2617 Jeffries Ave. is conveniently Located near many other northeast Los Angeles neighborhoods such as Mount Washington, Montecito Heights, Highland Park, Eagle Rock, Glassell Park and Atwater Village. Its location also provides easy access to Elysian Valley & Park, Lincoln Heights, Chinatown, Echo Park, Silver Lake and many more neighborhoods. Some notable destinations near the property include Los Angeles River Center & Gardens, Dodger Stadium, Frogtown, Florence Nightingale Middle School and Rio Del Los Angeles State Park.