441 W 52nd Street, Los Angeles, CA 90037
Property · 2 recorded sales since 2018
Sold April 2019
Listing Agent: Daniel Lewin (DRE #01932742) · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Hector Lara · Furstenberg Realty · MLS #PW18254962 · Source: CRMLS
About this property
Incredible Cash Flow! 7.18 CAP on Actual Existing Income. The property consists of a four-bedroom unit and two two-bedroom units as well as three garages that are rented out for additional income at $300/month each. The property has recently undergone extensive renovations by ownership, with new landscaping, a repaved driveway, exterior renovations, and a complete renovation of the four-bedroom unit and one of the two-bedroom units. Because of the upgrades, the property is generating strong cash flow and is offered at an attractive cap rate above 7% with additional upside to a 9% cap rate in the two-bedroom.units that are rented at below-market rates to long-term tenants. The property is well-located for commuters in South Los Angeles, less than two minutes from a 110 freeway on-ramp providing easy access to major employment centers in Downtown Los Angeles as well as Torrance, Gardena, and the Port of Los Angeles. The property is also easy walking distance to numerous public transportation options. Additionally, the property is less than 2 miles from the University of Southern California as well as Exposition Park which is the site of the brand new Banc of California Stadium (home to the LAFC), the world-famous Los Angeles Memorial Coliseum, and numerous museums including the under-construction $1 Billion George Lucas Museum of Narrative Art.
Listing description from the April 2019 sale, as reported to CRMLS.
Sale history
