Kenny Stevens Team is pleased to present 945 N. Beaudry Avenue, an 8-unit multifamily property located in the culturally dynamic and rapidly developing neighborhood of Chinatown. This is the first time the property has been put on the market and is being sold by the family of the developer. The 6,974 SF two-story building is comprised of (1) 3-bdrm. & 2-bath townhouse and (7) two-bdrm. and 1-bath units. Please note, 4 units will be delivered vacant upon COE. The units offer a value-add opportunity to potential investors, as current rents are approx. 32% below market value for nicely remodeled units in the area.
8 Units w/ 4.4% Current CAP & 32% Upside
945 N. Beaudry Avenue, Los Angeles
Property Details
Price $2,490,000
Year Built 1968
# of Units 8
Price P/ Unit $311,250
Sq. ft. 6,810 SF
Price p/ Sq. ft. $366
Current Cap Rate 4.44%
Proforma Cap Rate 6.67%
Lot Size 6,974 SF
Zoning LAR3
945 N. Beaudry Avenue
Los Angeles, CA 90012
Los Angeles, CA 90012
