275 Lucas Ave | Los Angeles, CA 90026
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- LoopNet Team
275 Lucas Ave
Los Angeles, CA 90026
Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- This investment opportunity features rental upside of about 67%+/- for a new owner!
- First time on the market in nearly 42 years!
- Terrific location with a walk score of 89! The immediate area is flush with tenant amenities and attractions.
- 11% Proforma Cap Rate at a low cost per unit!
- Brand new roof (just weeks ago), all copper re-plumbing, ample onsite parking, seismic retrofit work finished, and most other systems are newer!
- Units are all individually metered for gas and electricity, and there are 24 total parking spots!
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 10,758 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | ||
| Zoning | LACW | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,758 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LACW |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| Studios | 14 | - | - |
PROPERTY TAXES
| Parcel Number | 5153-028-018 | Improvements Assessment | $1,436,160 |
| Land Assessment | $1,530,000 | Total Assessment | $2,966,160 |
PROPERTY TAXES
Parcel Number
5153-028-018
Land Assessment
$1,530,000
Improvements Assessment
$1,436,160
Total Assessment
$2,966,160
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