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    5218 Latham St

    Los Angeles, CA 90011
    • $1,875,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 21-678944
    UPDATED: 41 min ago
    $1,875,000
    • 16
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    5218 Latham 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 rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership...

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T17:42:52.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/113187604
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    5218 Latham St Los Angeles, CA 90011

    • Price: $1,875,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 21-678944
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,800
    SQFT
    $391
    $/SQFT
    1959
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    5218 Latham 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 rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership...
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage Driveway Total Parking 2

    Interior Features

    Baths Total 8.00 Cooling Other Equipment Other Flooring Tile Heating Other

    Property Features

    Assessed Total Value 340203 Gross Income 182400 Gross Operating Income 173280 Like Units1 8 Net Operating Income 124777.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 48503 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T17:42:52.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260