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5350 2nd Ave
Los Angeles, CA 90043
Multifamily Property For Sale · 6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 6,394 SF |
| Property Subtype | Apartment | Average Occupancy | 70% |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1922 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,394 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 1922 |
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Oven
- Freezer
- Handrails
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Gated
- Shuttle to Train
- Wi-Fi
- Community-Wide WiFi
- Lounge
- Public Transportation
About 5350 2nd Ave , Los Angeles, CA 90043
5350 2nd Avenue is a twenty-four unit mixed use building located in South Los Angeles. With a current CAP rate of 6.40% and GRM of 9.07, this offering gives an investor the unique opportunity to acquire an asset in a densely populated Los Angeles neighborhood with strong cash flow. Built in 1922, 5350 2nd Avenue consists of seventeen residential units on the second floor. Each of those units are SRO units. The bottom floor consists of three one bedrooms and four retail units. There is retail potential for all units on the ground floor, allowing an investor to increase rents for a retail use that will pay more than a residential tenant. The Subject Property is located in the Park Mesa Heights neighborhood, with population growth of 1.60% year-over-year as well as employment opportunities within walking distance. This opportunity provides an investor the chance to own a low maintenance asset with tremendous current cash flow.
PROPERTY TAXES
| Parcel Number | 5005-004-012 | Improvements Assessment | $763,693 |
| Land Assessment | $1,680,124 | Total Assessment | $2,443,817 |
PROPERTY TAXES
zoning
| Zoning Code | C2-1VL-CPIO |
| C2-1VL-CPIO |
