For Sale
$14,350,000
1209 Lake StLos Angeles, CA 90006
Value-add multifamily investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 94-unit multifamily property with approximately 6,000 SF parking lot in Los Angeles.
- Value-add opportunity with strong cash flow and significant upside potential; pro-forma NOI of $945,387, 6.59% cap rate.
- Unit mix: 31 bachelor and 63 studio apartments.
- Increase revenue potential through implementation of a RUBS program.
- Additional income from on-site parking, laundry, and storage.
- Features include an art deco lobby, controlled access, and storage units.
Property Details for 1209 Lake St
- Property type
- Apartment buildings
- Square Feet
- 52,968 SF
- Year Built
- 1926
- Stories
- 4
- Units
- 94
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0491484
- Longitude
- -118.2831219
1209 Lake St, Los Angeles, California
Nearby Similar for Sale
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