200 Slauson AveLos Angeles, CA 90003

This six-unit apartment building at 200 W Slauson Ave, Los Angeles, CA 90003, presents a compelling investment opportunity. Built in 1913 and boasting 3,953 square feet of rentable space on a 5,689 square foot lot, this Class B multifamily property offers six spacious two-bedroom, one-bathroom units. Each unit is separately metered, enhancing operational efficiency. The property includes a valuable four-car garage, a rare amenity in this area. Currently, the building has a 7.47% cap rate and a pro-forma cap rate of 16.32%. The asking price is $900,000, or $150,000 per unit. Located east of Broadway, the property benefits from convenient access to public transportation, shopping, schools, and community amenities. The LAM1 zoning provides flexibility. This well-maintained asset offers reliable rental income and significant appreciation potential in a revitalizing South Los Angeles neighborhood. The property is owned by SoLA Impact Fund II LP. The building's classic architecture is complemented by modern upgrades ensuring tenant comfort. High demand for rental housing in this area contributes to strong occupancy rates.