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5950 S Central Ave
Los Angeles, CA 90001
26unit TRUE Value add w High CAP Rate · Multifamily Property For Sale
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26 Units
Investment Highlights
- TRUE VALUE-ADD/FIXER-UPPER Deal with an estimated 38% Upside Potential
- Located in the Opportunity Zone (OZ); Zoned LCM1; Longtime owner for ±30 years!
- Hard Corner Lot Property Providing Excellent Visibility; Attractive single story layout property
- Priced to sell! One of the lowest Price/unit for apartments in the area
- Attractive HIGH CAP Rate (over 5%) with significant upside; Proforma CAP ±6.9% and Proforma GRM ±9.46x!
- Additional parking garage that are underutilized and can generate additional income; Large Lot Size 12,756 SQFT
Property Facts
| No. Units | 26 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 8,127 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1922 |
| Zoning | M1, L.A. County - Light Manufacturing | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 8,127 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | M1, L.A. County - Light Manufacturing |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 9 | - | - |
Property Taxes
| Parcel Number | 6008-009-037 | Improvements Assessment | $1,070,750 |
| Land Assessment | $281,461 | Total Assessment | $1,352,211 |
Property Taxes
Parcel Number
6008-009-037
Land Assessment
$281,461
Improvements Assessment
$1,070,750
Total Assessment
$1,352,211
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