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3900 2nd Ave
Los Angeles, CA 90008
OPEN HOUSE MONDAY. MAY 22 from 10-11AM · Multifamily Property For Sale
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2 Units
Investment Highlights
- Incredibly low price tag of only $999,000! Unbeatable price per foot of $407.26, verse the recent comps average of $536.74!
- 4.45% current cap rate, plus significant upside in rents. UNHEARD OF pro forma cap rate of 6.35%!
- Located in Leimert Park, 2016’s “Neighborhood of the Year” on Curbed LA. Ideal location minutes from Downtown LA, Mid-City, Culver City, & West Adams!
- The renovated unit will be delivered vacant in June. Ideal opportunity to owner occupy, lock in a residential interest rate and enjoy!
- Remodeled in 2018/2019 & features countless upgrades including a new roof (2018), new paint, new landscaping/hardscaping & more!
- Value add opportunity!
Property Facts
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | No. Stories | 2 | |
| Lot Size | 0.15 AC | Year Built/Renovated | 1939/2019 |
| Building Size | 2,453 SF | Parking Ratio | 1.63/1,000 SF |
| Zoning | LAR1 | ||
| No. Units | 2 |
| Property Type | |
| Lot Size | 0.15 AC |
| Building Size | 2,453 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2019 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | LAR1 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Yard
- Den
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,238 | 1,328 |
| 3+1 | 1 | $3,200 | 1,100 |
Property Taxes
| Parcel Number | 5034-019-027 | Improvements Assessment | $234,600 |
| Land Assessment | $816,000 | Total Assessment | $1,050,600 |
Property Taxes
Parcel Number
5034-019-027
Land Assessment
$816,000
Improvements Assessment
$234,600
Total Assessment
$1,050,600
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