For Sale
$1,500,000

2833 Huron St Los Angeles, CA 90065

10-Unit Apartment Building, High Upside

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 10-unit apartment building at 2833 Huron St, Los Angeles, CA 90065, presents a compelling investment opportunity. Priced at $1,500,000 ($150,000 per unit), this Class B multifamily property boasts a substantial 4,116 square feet of net rentable space across two, two-story buildings situated on a 7,498 square foot lot. The property currently generates a NOI of $69,107, representing a 4.61% cap rate. However, a pro-forma analysis reveals a significantly higher potential NOI of $170,083, translating to an 11.34% cap rate. This impressive upside stems from the potential to increase rental income

Highlights

  • 10-unit apartment building in Los Angeles for $1,500,000 ($150,000 per unit).
  • Over 92% upside potential in rental income.
  • Three vacant studio/1-bath units available.
  • Excellent location near Downtown LA and freeways 5 & 110.

Property Details for 2833 Huron St

Property type
Apartment buildings
Class
B
Year Built
1950
Buildings
2
Stories
2
Units
10

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0864366
Longitude
-118.2214419

FAQs

What type of property is this?
Apartment building - 10-Unit Apartment Building, High Upside
Where is the apartment building located?
The property is located at 2833 Huron St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10-unit apartment building in Los Angeles for $1,500,000 ($150,000 per unit).; Over 92% upside potential in rental income.; Three vacant studio/1-bath units available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2833 Huron St
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