1684 Murchison StLos Angeles, CA 90033

This exceptional 18-unit apartment building at 1684 Murchison St, Los Angeles, CA 90033, presents a compelling investment opportunity. Boasting 12,052 square feet on a 14,871 square foot lot (APN 5202-023-001), this property features a mix of fourteen 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. The building underwent significant renovations in 2022, including a complete roof replacement and a soft story retrofit, ensuring long-term structural integrity. All units are individually metered for gas and electricity, optimizing tenant cost management. The property's central location offers convenient access to major freeways (10, 5, and 101), placing tenants within easy reach of Downtown Los Angeles' employment and entertainment hubs. Furthermore, its proximity to Keck Medical Center of USC, USC Health Sciences Campus, LAC+USC Medical Center, and California State University, Los Angeles (a short 5-minute drive) guarantees high occupancy rates and strong rental demand. The asking price is $3,875,000, representing a price per unit of $215,278 and a current cap rate of 4.05%, with a pro-forma cap rate of 8.54%. The current NOI is $157,131, and the pro-forma NOI is $330,986. This property is zoned LARD2. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime Los Angeles location.