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603 W 75th St 5 Unit Apartment Building $799,000 ($159,800/Unit) 3.92% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Comprises five units, including one standalone home and a four-unit building.
- Centrally located near USC, Downtown Los Angeles, and major sports and entertainment venues.
Executive Summary
An excellent 5 units rental income property in Florence neighborhood of Los Angeles for sale. It is a great investment or development opportunity. The property comprises of a front single unit (3 Bed / 1 Bath) and a rear four-unit (All 2 Bed / 1 Bath). Rents across all units are significantly below market, offering a potential upside upon turnover. This gated property also sits on a 7006 square feet lot with 10 parking spaces. 601 & 603 W 75th St is centrally located just 4 miles from USC and Downtown Los Angeles with convenient access to the 110 freeway. Shopping, schools, EXPO PARK, CRYPTO Arena, LAX, BMO Stadium, LA Memorial Coliseum, LAFC, and Microsoft Theater are only minutes away. Hurry! Don't miss this amazing investment opportunity!
Property Facts
| Price | $799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $159,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.92% | Building Size | 3,108 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling Zone | ||
| Price | $799,000 |
| Price Per Unit | $159,800 |
| Sale Type | Investment |
| Cap Rate | 3.92% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,108 SF |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling Zone |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
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Presented by
Sophis Real Estate, Inc.
603 W 75th St
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