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Kaleb Gutierrez

kalebgutieragent@gmail.com +1(949) 680-5608

$850,000

Est. payment - /mo

4,678 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26226564

HOA Y/N No

Year Built 1911

Lot Size 4,678 Sqft

Property Sub-Type Apartment

Property Description

8.30% Current Cap Rate!! 626 E 51st St presents an attractive opportunity to acquire a 5-unit multifamily investment property in Los Angeles, offered at $850,000. The property delivers a compelling 8.30% current cap rate and 7.38 GRM, with pro forma rents indicating an 18.84% increase in
scheduled income and meaningful potential for enhanced returns. Built in 1911, the property encompasses approximately 3,265 SF of building area on a 4,680 SF lot, equating to approximately $260/SF. The unit mix consists of (1) 1 Bed/1 Bath, (3) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units, complemented by 4 on-site parking spaces. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, established retail corridors, and public transportation. Its diverse unit mix, attractive in-place returns, and rental upside make it a compelling opportunity for
investors seeking strong cash flow with additional value-add potential.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5103001006

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

NEARBY SCHOOL & BUSINESS

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626 E 51st Los Angeles, CA 90011