448 W 52ND Street, Los Angeles, CA 90037
Property · 2 recorded sales since 2017
Sold March 2020
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Neema Ahadian · Marcus & Millichap · MLS #19530314 · Source: CRMLS
About this property
The Subject property is a part of a 5-property portfolio, which is a true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and 2 two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations. The portfolio is being offered at a low price per unit of $150,417 blended; significant loss-to-lease of over 43%. With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis.* This offering can be purchased individually or collectively
Listing description from the March 2020 sale, as reported to CRMLS.
Sale history
