4721 Lincoln Ave | Los Angeles, CA 90042
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- LoopNet Team
4721 Lincoln Ave
Los Angeles, CA 90042
Former Motel 93% Vacant | Pro Forma Over 6.2% · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- First time on market in over 35 years, located in the gentrified neighborhood of Highland Park with strong rental demand
- Versatile unit mix includes six 2-bed/2-bath, two 2-bed/1-bath, three 1-bed/1-bath units, one studio, and one commercial unit
- Pro Forma CAP rate of over 6.5%, with further income potential through the addition of up to three ADUs (subject to approval)
- Former York Motel featuring 12 large residential units and 1 commercial office space for value-add or redevelopment opportunities
- 93% vacancy, providing immediate potential for unit renovations and high rental income growth
- Two contiguous parcels totaling 0.44 acres, with an adjacent single-family parcel available for expanded development (0.57 acres total)
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,900 | 510 |
| 1+1 | 3 | $2,200 | 600 |
| 2+1 | 2 | $2,500 | 800 |
| 2+2 | 6 | $2,600 | 845 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $720,507 | |
| Land Assessment | $1,332,065 | Total Assessment | $2,052,572 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,332,065
Improvements Assessment
$720,507
Total Assessment
$2,052,572
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