712-718 E Rosecrans Ave
Los Angeles, CA 90059
Multifamily Property For Sale
·
8 Units
Investment Highlights
- (2) 4 Unit buildings; purchase with commercial or residential financing as low as 25% down.
- (8) 3 bed 1 bath detachedhomes with ample parking. Each unit has a gated yard and patio area
- Pro Forma 11% Cap, $187k/Unit, & only $138 /SF
- (2) 15k+ sq. foot lots with major development potential.
- Total of 30,945 Sq Ft of R3 zoned land. Could be developed into luxury townhomes, warehouses, or 30+ units of affordable housing.
Property Facts
| No. Units | 8 | Building Size | 10,660 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.71 AC | ||
| Zoning | LCR3 - Each lot is zoned R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 10,660 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | LCR3 - Each lot is zoned R3 |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer Hookup
- Yard
- Patio
Site Amenities
- Courtyard
- Property Manager on Site
- Gated
About 712-718 E ROSECRANS AVE , LOS ANGELES, CA 90059
Austin Longwell of Lyon Stahl Investment Real estate is pleased to present this incredibly rare opportunity to purchase a portfolio of homes located at 712 & 718 E Rosecrans in Central Los Angeles, CA 90059. This unique value-add 8-unit property provides almost any investor an opportunity to create endless value at an incredibly reasonable price of $1,500,000. Either buy, rehab, and hold for major rental upside, add on to existing structures, or develop into a multitude of options. The possibilities are endless. The featured properties are situated on two contiguous lots with more than 15k sf and 4 units each. This allows prospective buyers to qualify for both residential and commercial lending. There are currently 8 existing 3-bedroom detached homes totaling over 10k sf of livable space with ample parking, courtyard, and private yard and patio areas. Both lots are zoned LCR3 and can easily be combined or subdivided depending on owner’s needs.This opportunity boasts a pro forma cap rate over 11%, and an opportunity to develop 30 units at 50k/door. A developer dream; the property is priced at $138/foot and 187k/door. Call now as this opportunity will not last long.
Property Taxes
| Parcel Numbers | Improvements Assessment | $646,015 | |
| Land Assessment | $1,023,838 | Total Assessment | $1,669,853 |
Property Taxes
