722 S Ford Blvd 12 Unit Apartment Building $2,300,000 ($191,667/Unit) 7.03% Cap Rate Los Angeles, CA 90022
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Los Angeles
- At the asking price, the property is being offered at a 7.03% CAP rate and 8.50 GRM on current income
- The property is well-maintained, and ownership has completed significant cap ex items
- The property features a unit mix of seven one-bedrooms and five two-bedrooms
- Additional upside achievable through parking in the rear of the property or a potential ADU(s) (Buyer to verify)
- The property has a secure entrance, and common area laundry with two washers and two dryers, leased to Wash
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,300,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 8.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,146 SF |
| No. Stories | 2 |
| Year Built | 1931 |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
1 of 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 5247-012-005 | Total Assessment | $2,002,352 |
| Land Assessment | $1,109,939 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $892,413 | Tax Year | 2024 |
ZONING
| Zoning Code | R3, L.A. County |
