Description
5218 Latham Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon. The subject property offers an investor the rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership...
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16BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$391$/SQFT
School Ratings & Info
Description
5218 Latham Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon. The subject property offers an investor the rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership...
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T17:42:48.463. 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.