Probate sale, Court confirmation may not be required. 12-unit apartment building with parking in Rampart Village! Just a short distance to the Wilshire / Vermont and Vermont / Beverly Metro stations, and easy access to Hollywood Fwy (I-101). For sale AFTER 16 years! Long-term tenants. Over 60% upside in rents. Great unit mix with 8 X large 1 bed 1 bath, and 4 X large 2 bed 2 bath units. Each unit is separately metered for gas and electricity. Soft-story retrofit is not yet done. Buyer to assume responsibility. Property is being sold AS IS and WHERE IS. Buyer to conduct their own investigations.
Property Highlights |
Street |
322 S Commonwealth Ave.
|
City |
Los Angeles
|
State |
CA
|
Zip |
90020
|
Status |
Available
|
Property Type |
Multi-family
|
Asking Price |
$3,500,000
|
Year Built |
1962
|
Building Sq Ft |
11,438
|
Number of units |
12
|
CAP Rate |
3.00%
|
GRM |
18.60
|
Value per unit |
$291,667.00
|
Value per Square Feet |
$306.00
|
Broker Name |
Vinny Jain
|
Telephone |
310-207-2288
|
Email |
sales@iagpm.com
|
Brochure file |
322 S Commonwealth Ave_Property Analyses.pdf
|
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