CA > Los Angeles
Los Angeles, CA 90011,4026 S Morgan AVE
Los Angeles, CA 90011,4026 S Morgan AVE
Los Angeles, CA 90011,4026 S Morgan AVE
Los Angeles, CA 90011,4026 S Morgan AVE
Los Angeles, CA 90011,4026 S Morgan AVE
Los Angeles, CA 90011,4026 S Morgan AVE
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Randy Plaice

Randy Plaice

REAL Broker

+1(818) 294-0414
$ 1,395,000
Est. payment | /mo

12 Beds

7 Baths

4,538 SqFt

Save
$ 1,395,000
Est. payment | /mo
Save

12 Beds

7 Baths

4,538 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,538 sqft

Price per Sqft $307

MLS Listing ID 25502429

Bedrooms 12

HOA Y/N No

Year Built 1963

Lot Size 7,927 Sqft

Property Description

Value add deal with approximately 68% upside in rents! Priced at 6.86 GRM and 11.2% 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 $232,500/unit, $307/S.F, 5.5% CAP and 11.53 x current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.86 GRM and 11.2% CAP with rents at market.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Gated

Community Features Gated

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5117011009

Security Features Security Gate,Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ramin Gheitanchi • Keller Williams Beverly Hills
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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4026 S Morgan AVE