Property Details.

Price $2,580,000

Year Built 1969

# of Units 8

Price P/ Unit $322,500

Sq. ft. 6,808 SF

Price p/ Sq. ft. $320

Current Cap Rate 3.98%

Proforma Cap Rate 6.51%

Lot Size 6,808 SF

Zoning LAR4

Request Offering Memorandum

Hate filling out forms?

Download the OM here

900 West College Street
Los Angeles, CA 90012

About the Property

Kenny Stevens Team is pleased to present 900 West College Street, an 8-unit multifamily investment asset located in the culturally dynamic and rapidly developing neighborhood of Chinatown. The 8,054 two-story building sits on a 6,808 SF lot and is comprised of(1) 4 Bdrm. and 3.5 Bath Townhouse, (1) 3 Bdrm. and 1.5 Bath unit and(5) 2 Bdrm. and 1 Bath units. Please note, the townhouse currently serves as the owner’s unit and will be delivered vacant upon close of escrow.

The Opportunity

The units offer a significant value-add opportunity to potential investors, as current rents are approximately 39% below market value for nicely remodeled units in the area. Located in a neighborhood that is currently seeing several large-scale developments, 900 West College St. presents investors with the opportunity to acquire an ideal value-add investment with significant financial upside.

Like this property?

Contact Kenny Stevens about it!

Related Listings

12 Units in Excellent East Hollywood Location

5627 Lexington Avenue
Los Angeles, CA 90038

Price $2,795,000

City Hollywood

Units 12

3 Separate Homes on 13,000 SF Lot in Pasadena

1385 N. Marengo Avenue
Pasadena, CA 91103

Price $1,250,000

City Pasadena

Units 3

11 Newly Constructed Units in Silver Lake

563 North Hoover Street
Los Angeles, CA 90004

Price $7,895,000

City Los Angeles

Units 11