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Century 21 Realty Masters
626 E 51st, Los Angeles, CA 90011
- $850,000
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- SB26226564
- Year Built
- 1911
- Lot Size
- 4,680
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
8.30% Current Cap Rate!! 626 E 51st St presents an attractive opportunity to acquire a 5-unit multifamily investment property in Los Angeles, offered at $850,000. The property delivers a compelling 8.30% current cap rate and 7.38 GRM, with pro forma rents indicating an 18.84% increase in scheduled income and meaningful potential for enhanced returns. Built in 1911, the property encompasses approximately 3,265 SF of building area on a 4,680 SF lot, equating to approximately $260/SF. The unit mix consists of (1) 1 Bed/1 Bath, (3) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units, complemented by 4 on-site parking spaces. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, established retail corridors, and public transportation. Its diverse unit mix, attractive in-place returns, and rental upside make it a compelling opportunity for investors seeking strong cash flow with additional value-add potential.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $115,109
- Operating Expense
- 41122
Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.