721 School Ave | East Los Angeles, CA 90022
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- LoopNet Team
721 School Ave
East Los Angeles, CA 90022
721 School Ave · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Nearly 70% Upside in Rents
- ADU Potential: (4) Garages with ADU Conversion Potential
- Unit Mix: Two (2) 1-Bedroom & Four (4) Studio Units
- Investment Value: Low Basis at $133,333 Per Unit
- Commuting Convenience: Easy Access to Freeways and Public Transportation
PROPERTY FACTS
| No. Units | 6 | Building Size | 2,260 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1941 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LCR305 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,260 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | LCR305 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,096 | - |
| Studios | 4 | $3,584 | - |
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