Property Details

Year Built: 1924/2020
Units: 8
Price / Unit: $235,000
CAP: 5.62%
GRM: 11.78

Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 1182 E 52nd Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon.

The subject property offers an investor the opportunity to purchase a newly renovated turn-key community, with each unit recently gutted and featuring new flooring, countertops, stainless steel appliances, and lighting fixtures. The property consists of eight separate structures featuring two two-bedroom and six one-bedroom apartments. At the current income, the building is offered at a 5.62% cap. There are eight total parking spaces and ease of management as gas and electricity are separately metered. In addition, tenants pay for trash and there are zero common area utility expenses.

The subject property is located across the street from Hooper Avenue Elementary School. Residents have many transportation options available as the property is in close proximity to the Metro A Rail Line as well as multiple Metro bus lines along Hooper Avenue and Compton Avenue. 1182 E 52nd Street is ideally located for residents to commute to employment opportunities in Downtown Los Angeles as well as the neighboring industrial cities of Vernon and Huntington Park with plentiful warehouse and manufacturing employment

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