Los Angeles, CA 90011,4026 S Morgan Avenue
Los Angeles, CA 90011,4026 S Morgan Avenue
Los Angeles, CA 90011,4026 S Morgan Avenue
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$1,325,000
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4,538 SqFt
Active

4026 S Morgan Avenue Los Angeles, CA 90011

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,538 sqft

Price per Sqft $291

MLS Listing ID CL25502429

HOA Y/N No

Year Built 1963

Lot Size 7,929 Sqft

Acres 0.18

Property Sub-Type Other

Property Description

VALUE ADD DEAL WITH APPROXIMATELY 68% UPSIDE IN RENTS! Priced at 6.51 GRM and 11.9% CAP with rents at market. Please contact listing agent for marketing package. Keller Williams Commercial Beverly Hills has been exclusively retained by the owner in connection with the sale of 4026 S. Morgan Ave, a 6-unit apartment building centrally located in South Los Angeles within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. The Property has been well maintained by the current ownership and is fully occupied. Excellent unit mix consisting of five large 2 bedroom 1 bath units and one 3 bedroom 2 bath unit. The property is separately metered for gas, electricity and tenants pay their own trash bill. Property features gated parking and on-site laundry room with machines owned by Seller. Priced at $220,833/unit, $292/S.F, 5.84% CAP and 10.95 x current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.51 GRM and 11.9% CAP with rents at market.

Location

State CA

County Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5117011009


Bridge MLS
Listed by Ramin Gheitanchi • Keller Williams Beverly Hills

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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4026 S Morgan Avenue