732 S Ferris Avenue, East Los Angeles, Los Angeles County, CA, 90022 Los Angeles CA US
For Sale : USD 1900000
MLS #: DW23065201
Details
Bed Rooms
4
Bath Rooms
2
Neighborhood
Eastside L.A.
Property Type
MultiFamily
Description
Realty Executives Commercial is pleased to present 732 South Ferris Avenue, an 8 unit apartment building consisting of (7) 1 Bed + 1 Bath units and (1) 3 bed + 1 bath. This property is situated in an excellent East Los Angeles neighborhood with very desirable single-story units on a large 10,626 square foot lot zoned LCR3. A new investor would appreciate the current income yielding a 4.62% cap rate and $231,250 cost per unit. Total rentable square feet of the building is approximately 3788 square feet. Property has a big yard and each tenant enjoys one parking space. Tenants also enjoy the convenience of being located near many shops and restaurants off of Whittier Boulevard's retail corridor, they are also within a short drive to the 5, 60, and 710 freeways. Property is located in the Unincorporated County of Los Angeles, the 'rent freeze' has been lifted and new owner can increase rents to applicable units.**DO NOT WALK ON THE PROPERTY - PLEASE DO NOT DISTURB TENANTS** Find out more about this property. Request details here
Location
Address
732 South Ferris Avenue, Los Angeles, California 90022, United States
City
Los Angeles
Map
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