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    2204 W Slauson Ave

    Los Angeles, CA 90043
    • $2,295,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 21-685838
    UPDATED: 14 min ago
    $2,295,000
    • 10
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,050
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Ratings & Info

    Description

    Slauson Manor Apartments is a vacant 9-unit building adjacent to the Crenshaw Boulevard commercial corridor. Slauson Manor Apartments is not subject to LA City rent control and provides an opportunity to either lease-up and enjoy immediate cash-flow or make cosmetic upgrades to unit interiors to achieve higher rents. Cap rates are approximately 100 basis points higher in the greater Inglewood submarket than Los Angeles as a whole, offering a potential stabilized yield of over 10%. The submarkets rent levels are below the metro-wide average and is consequently one of the few areas that have experienced rent growth since the start of the pandemic, with a YoY increase of 1.7% from 2019 to 2020. As the economy returns to pre-pandemic levels and rents continue to rise, the buildings non rent-controlled status will allow the operator to increase rents at a rate that keeps pace with the market. Built in 1981, the 6,050 square-foot courtyard-style building

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T09:42:14.64. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/113679614
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    2204 W Slauson Ave Los Angeles, CA 90043

    • Price: $2,295,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 21-685838
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    6,050
    SQFT
    $379
    $/SQFT
    1981
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Slauson Manor Apartments is a vacant 9-unit building adjacent to the Crenshaw Boulevard commercial corridor. Slauson Manor Apartments is not subject to LA City rent control and provides an opportunity to either lease-up and enjoy immediate cash-flow or make cosmetic upgrades to unit interiors to achieve higher rents. Cap rates are approximately 100 basis points higher in the greater Inglewood submarket than Los Angeles as a whole, offering a potential stabilized yield of over 10%. The submarkets rent levels are below the metro-wide average and is consequently one of the few areas that have experienced rent growth since the start of the pandemic, with a YoY increase of 1.7% from 2019 to 2020. As the economy returns to pre-pandemic levels and rents continue to rise, the buildings non rent-controlled status will allow the operator to increase rents at a rate that keeps pace with the market. Built in 1981, the 6,050 square-foot courtyard-style building
    Exterior Features

    Entry Location Ground Level - No Steps Exterior Construction Stucco Lot Size Area 11191 Other Structures None Parking Garage Uncovered Total Parking 13

    Interior Features

    Baths Total 9.00 Cooling None Equipment Ceiling Fan Heating Wall Electric Laundry Laundry Area

    Property Features

    Assessed Total Value 486868 Gross Income 189840 Gross Operating Income 186880 Like Units1 1 Like Units2 6 Like Units3 2 Net Operating Income 124357.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 62523 Type Of Units Apartments Year Built Source Seller Zoning Lac2

    Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T09:42:14.64. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
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