Los Angeles, CA 90037 840 W 52nd St
$1,250,000
Presented By: Sean Rosenzweig with Marcus & Millichap
Home Details
We are pleased to offer for sale a five-unit apartment community located at 840 West 52nd Street. The subject property is located north of Slauson Avenue and west of Hoover Street. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase.South Los Angeles is located south of Downtown Los Angeles. The subject property is located less than two miles from the University of Southern California and less than six miles from Downtown Los Angles. Situated on a 6,802 square foot parcel, the property is comprised entirely of three-bedroom units. The property has 58% remaining rental upside through unit renovations along with on-site parking for every unit. The proximity to major employers and freeway access for residents, along with the value-add potential for a new owner to continue improvements and achieve superior market rents moving forward, make 840 West 52nd Street an excellent acquisition opportunity.
Presented By: Sean Rosenzweig with Marcus & Millichap
Interior Features for 840 W 52nd St
Bedrooms
Total Bedrooms15
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6
Other Interior Features
LivingAreaSourceAssessor
Total Stories2
General for 840 W 52nd St
Cap Rate5.35
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsWest of 110 Freeway & North of Slauson Avenue
Gross Income115394
HOA / Comm AssnNo
LevelsTwo, Multi/Split
Lot Size Square Feet6800
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income66852
New ConstructionNo
NumberOfUnitsTotal5
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Year Built1965
Year Built SourceAssessor
ZoningLAR2
Exterior for 840 W 52nd St
Building Area Total5195
Lot Size Acres0.1561
Lot Size Area6800
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesNone
Total Parking6
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480