Price Reduced! | 2939 Brighton Ave
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Price Reduced! 2939 Brighton Ave
7 Unit Apartment Building $1,495,000 ($213,571/Unit) 6.83% Cap Rate Los Angeles, CA 90018
Investment Highlights
- West Adams is the main amenity for tenants, It's walkable to restaurants and coffee shops including Vicky’s All Day, Mizlala, Mian, and many more
- Quiet street away from the traffic and congestion, but central to freeway, businesses, trendy restaurants, shops, USC and Downtown LA
- Delivered with 2 vacancies
- Spacious layouts with (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, (1) 2 Bed / 2 Bath / Den
- 6.83% current cap rate offers strong in place cash flow with future upside potential
Executive Summary
PRICE REDUCED! The James Group is pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. The building will be delivered with 2 vacancies.
Property Facts
| Price | $1,495,000 | Apartment Style | Low Rise |
| Price Per Unit | $213,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.83% | Building Size | 5,316 SF |
| Gross Rent Multiplier | 10.59 | Average Occupancy | 71% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment |
| Price | $1,495,000 |
| Price Per Unit | $213,571 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Gross Rent Multiplier | 10.59 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,316 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+2 | 1 | - | - |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (72)
zoning
| Zoning Code | R1, Los Angeles |
| R1, Los Angeles |
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Price Reduced! | 2939 Brighton Ave
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