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2815 Hyde Park Blvd
Los Angeles, CA 90043
4-Units | Strong Cash Flow with 27% Upside · Residential Property For Sale · 4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,959 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low Rise | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.15 AC |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.15 AC |
| Building Size | 3,959 SF |
| Number of Floors | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.26/1,000 SF |
About 2815 Hyde Park Blvd , Los Angeles, CA 90043
Marcus & Millichap is pleased to present 2815 Hyde Park, in Los Angeles, CA. Built in 1956, this 4-unit property is located on 6,593 SF lot in the Hyde Park neighborhood. The two-story building features 1 one-bedroom, 2 two-bedrooms, and 1 three-bedroom units and is located just 0.7 miles from the new Hyde Park Metro stop set to open in 2020. This offering presents an investor strong in-place cash flow with a current CAP rate of 4.49%, as well as the opportunity to capture the over 27% rental upside through renovations when the units turn. Additionally, the subject property has 5 total parking spaces. The Hyde Park neighborhood is becoming a highly desirable rental submarket as new developments continue to rise and offer tenants many attractions in the heart of their community. The subject property’s location allows for a quick commute to both the South Bay and Downtown Los Angeles.
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £1,266 | - |
| 2+1 | 2 | £1,287 | - |
| 3+2 | 1 | £2,641 | - |
PROPERTY TAXES
| Parcel Number | 4007-017-006 | Improvements Assessment | £184,855 |
| Land Assessment | £440,132 | Total Assessment | £624,987 |
PROPERTY TAXES
zoning
| Zoning Code | LAR1 |
| LAR1 |
