CA > Los Angeles
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
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Amin Zarif

Amin Zarif

+1(949) 226-1789
$ 1,395,000
Est. payment | /mo

6,699 Sqft Lot

Save
$ 1,395,000
Est. payment | /mo
Save

6,699 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25036159

HOA Y/N No

Year Built 1928

Lot Size 6,699 Sqft

Property Sub-Type Apartment

Property Description

3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of all oversized (8) 2-Bed/1-Bath units with 105% in Rental upside! Currently priced at a 5.35% cap rate, this building stabilizes at a 14.55% cap rate and 5.39 GRM, ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $158/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio. 3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114016011

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
agent
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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3438 McKinley Ave