CLOSED ESCROW

MULTIFAMILY OFFERING

238 South Avenue 21

LOS ANGELES, CA 90031

PRICE:

PRICE/UNIT:

PRICE/SF:

CAP RATE:

GRM:

YEAR BUILT:

UNITS:

$825,000

$82,500

$177

6.68%

9.45

1910

10 ( 2 Non Conforming Units )

DEAL HIGHLIGHTS​:

  • Sold at 100% of List Price

  • Multiple Offers

  • Great Up and Coming Lincoln Heights Location

  • Value Add Property

 

ASSET HIGHLIGHTS

  • Upside in Rents

  • Close to Downtown Los Angeles

  • Surrounded by Shops and Retail Centers

  • Separately Metered for Electricity and Gas

  • Dense Rental Pocket

  • Walking Distance to Schools

THE ASSET

The Hirth Group is pleased to present 238 South Avenue 21, a 10-unit multi-family property located in the Lincoln Heights submarket of Los Angeles. The property was built in 1910 and is comprised of 4,663 square feet of building space on a 6,566-square foot parcel. The unit mix consists of eight one-bedroom/one-bathroom units along with two non-conforming single/one-bathroom units. The units are separately metered for electricity and gas, and six of the units have their own water heaters.

 

Lincoln Heights is one of the most densely populated submarkets in Los Angeles and is located just northeast of Downtown Los Angeles. The property is in a residential pocket and tenants are walking distance to Lincoln Heights Recreational Center and North Broadway Boulevard, which is filled with vibrant restaurants and plenty of business activity. The building is only steps away from the Gold Line Metrorail and other public transportation, making Downtown Los Angeles and Pasadena easily accessible for residents.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010