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2815 Hyde Park Blvd
Los Angeles, CA 90043
4-Units | Strong Cash Flow with 27% Upside · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,959 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LAR1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 3,959 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | LAR1 |
ABOUT 2815 HYDE PARK BLVD , LOS ANGELES, CA 90043
Marcus & Millichap is pleased to present 2815 Hyde Park, in Los Angeles, CA. Built in 1956, this 4-unit property is located on 6,593 SF lot in the Hyde Park neighborhood. The two-story building features 1 one-bedroom, 2 two-bedrooms, and 1 three-bedroom units and is located just 0.7 miles from the new Hyde Park Metro stop set to open in 2020. This offering presents an investor strong in-place cash flow with a current CAP rate of 4.49%, as well as the opportunity to capture the over 27% rental upside through renovations when the units turn. Additionally, the subject property has 5 total parking spaces. The Hyde Park neighborhood is becoming a highly desirable rental submarket as new developments continue to rise and offer tenants many attractions in the heart of their community. The subject property’s location allows for a quick commute to both the South Bay and Downtown Los Angeles.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,266 | - |
| 2+1 | 2 | $1,287 | - |
| 3+2 | 1 | $2,641 | - |
PROPERTY TAXES
| Parcel Number | 4007-017-006 | Improvements Assessment | $234,257 |
| Land Assessment | $557,756 | Total Assessment | $792,013 |
PROPERTY TAXES
