Listing Detail

IAG

322 S Commonwealth Ave., Los Angeles, CA 90020

322 S Commonwealth Ave.JPG

Probate sale, subject to Court confirmation and overbidding in Court. 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 In Contract
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 Download 322 S Commonwealth Ave_Property Analyses.pdf
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