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$ 1,495,000
Est. payment | /mo
8 Beds
4 Baths
6,700 Sqft Lot
$ 1,495,000
Est. payment | /mo
8 Beds
4 Baths
6,700 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25036159
Bedrooms 8
HOA Y/N No
Lot Size 6,700 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
UPDATED FINANCIALS 3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of alloversized(8)2-Bed/1-Bath units with 105% in Rental upside! Stabilizes at a 13.05% cap rate and 5.78 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $169/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio.3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood
UPDATED FINANCIALS 3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of alloversized(8)2-Bed/1-Bath units with 105% in Rental upside! Stabilizes at a 13.05% cap rate and 5.78 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $169/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio.3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood
UPDATED FINANCIALS 3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of alloversized(8)2-Bed/1-Bath units with 105% in Rental upside! Stabilizes at a 13.05% cap rate and 5.78 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $169/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio.3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood
Location
State CA
County Los Angeles
Area Los Angeles (90011)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $1,492
Listing Terms Cash, Exchange
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "