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Listed by Han Chen • Growth Investment Group Pasade
$ 1,875,000
Est. payment | /mo
4,241 SqFt
$ 1,875,000
Est. payment | /mo
4,241 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,241 sqft
Price per Sqft $442
MLS Listing ID CRAR25059771
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1986
Lot Size 7,198 Sqft
Property Sub-Type Other
Property Description
1556 W 227th St. Apartments is a well maintained 6-unit multifamily community located in the Harbor Gateway area. It presents a value-add opportunity with a conservative ±6.7% Proforma CAP Rate on. The property is a newer built two-story apartment that is well maintained and has undergone many capital improvements which include: all units upgraded. It was built in 1986 and not under any local rent control ordinance (only under CA AB1482) which provides maximum allowable annual rent increases. All the units are ready for the next rent increase in July 2025 (buyer to verify) which provides immediate rental upside. It has a large building size of 4,241 SF which translates to a spacious ±700sf average unit size and situated on 7,198 SF R3 lot. It offers an excellent unit mix with 1 x large 2-bedroom+2-bathroom, 1 x large 2-bedroom+1-bathroom and 4 x 1-bedroom+1-bathroom units. Each unit has been upgraded with high-end upgrades such as laminated/vinyl wood flooring, updated kitchen with quartz countertops, and updated tiled bathroom. Some units have brand new mini-split HVAC systems in the living room and bedroom. Based on its year built, it has copper plumbing throughout (buyer to verify). The property has a wrought iron gate, and offers 6 open parking spaces in the back, and a lar
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplace No
Laundry Community Facility, Other
Exterior
View None
Building
Lot Description Level, Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227