Gifford Apts 986 Gifford Ave 2 Unit Apartment Building $690,822 CAD ($345,411 CAD/Unit) 5.18% Cap Rate Los Angeles, CA 90063
EXECUTIVE SUMMARY
986-988 Gifford Ave is a two-unit property located in the City Terrace neighborhood of East Los Angeles. The property features one 3 bedroom + 1 bathroom unit and one 2 bedroom + 1 bathroom unit. The property was built in 1948, and is 1,218 SF on a 5,097 SF lot. The front unit has its own car garage. Tenants enjoy being minutes from City Terrace Park and local schools. This is a great opportunity for an investment with lots of upside potential.
PROPERTY FACTS
| Price | $690,822 CAD |
| Price Per Unit | $345,411 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.63 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,218 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+1 | 1 | - | - |
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ZONING
| Zoning Code | LCR2YY |
