2411 W 10TH STREET, LOS ANGELES CA 90006

We are proud to present 2411 W 10th Street, a 14-unit multifamily building priced at an 7.91GRM and a 6.15% CAP rate with Gas and Electric being SEPARATELY metered. This opportunity is situated just minutes away from Downtown Los Angeles and in close proximity to the 10 and 110 freeways offering tenants convenient access to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum of Los Angeles as well as a myriad of highly desirable options for dining, shopping and attractions in Koreatown. This asset is a three-story building consisting of 8,482 rentable square feet constructed in 1912, which sits on a 6,947 square foot LAR4 zoned lot. The unit mix is comprised of (2) two-bedroom one-bath, (4) one-bedroom one-bath, and (8) studio units with half of the units having been renovated with a remaining 50% upside in rents! One Studio unit will be delivered renovated and vacant. Also featured are 5 onsite uncovered parking spaces in the rear of the property. Offered at $140K per unit, $232/SF and at an 7.91 GRM on current rents with upside potential to operate at a 5.64 GRM and a 10.71% CAP Rate at market rents makes for an exceptional opportunity for any type investor looking to drive long term returns in one of the densest and premiere rental markets of Los Angeles. Contact the listing broker for additional information.

Listing Courtesy of Casey Lins, Kidder Mathews of California, Inc.