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$1,050,000 – 6 Unit Apartment in Los Angeles, CA (Hyde Park)

Overview

FOR SALE:  6 Unit Apartment in Hyde Park
$1,050,000
Los Angeles, Ca

This is an investment opportunity to acquire a 6 unit apartment building in the city of Los Angeles, Ca. Brynhurst Six is a charming bungalow style property with consisting of (6) 2 bedroom units with (2) 2bd/1.5ba and (4) 2bd/1ba.

This offering provides stable income with massive upside in rents, ample parking, and sits on a large double sized R3 zoned lot (11,379sf).  The property is built 1927 and subject to rent control, with majority of tenants being on Section 8.

Located in Hyde Park, Brynhurst Six is near the new Metro Crenshaw/LAX line and midway between Inglewood’s new Hollywood Park football stadium and Leimert Park.

  • 6 Total Units – (4) 2bd/1.5ba and (2) 2bd/2ba
  • 5,062 SF Total Building Size
  • 11,379 SF Total Lot Size (LA-R3 Zone)
  • Built in 1927
  • 12.9 GRM and 4.73% CAP on current rents
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Summary

Offering Price:
$1,050,000

Total Units:
6

Gross Rent Multiplier:
12.9

Cap Rate:
4.73%

Building SF:
5,062 SF

Lot Size:
11,379 SF

Year Built:
1927