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4723 August St
Los Angeles, CA 90008
Multifamily Property For Sale
·
20 Units
Investment Highlights
- A true value-add investment opportunity located in Baldwin Village, one of the most rapidly gentrifying submarkets in all of Los Angeles.
- The property is being offered at a low $218 PSF with a pro forma CAP rate of 7.35%.
- The property is in the heart of Los Angeles and within minutes of major entertainment and employment hubs in Culver City, LA World Airport and DTLA.
- This is an ideal opportunity for an investor to achieve the 53% rental upside as units turn; at the asking price.
- The building has been well-kept throughout the years but will benefit from interior renovations as well as exterior capital expenditures.
Property Facts
| No. Units | 20 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 24,480 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | R3-1XL | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 24,480 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R3-1XL |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+2 | 8 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $338,780 | |
| Land Assessment | $78,386 | Total Assessment | $417,166 |
Property Taxes
Parcel Numbers
Land Assessment
$78,386
Improvements Assessment
$338,780
Total Assessment
$417,166
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