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8 New Duplexes

8 Residential Properties Offered at £7,298,250 in Los Angeles, CA

Investment Highlights

  • 8 Newer Duplex Properties Consisting of 16 Units
  • Great Locations for Downtown Commute and Sporting Events
  • Spacious 4 and 5 Bedroom Units
  • Excellent Investment Opportunity with Huge Rental Upside
  • 6.8% Pro-Forma Cap Rate

Executive Summary

HCM Real Estate is pleased to exclusively present for sale a 16 unit portfolio consisting of 8 separate duplex properties. The duplex properties are situated in South Los Angeles area conveniently located for easy access to freeways, downtown, sporting venues and more. 7 of the units were new construction in 2016 and 1 of the units was built in 2014. 10 units offer 5 Bedroom/3 Bath configuration and 6 units offer 4 Bedroom/3 Bath. Duplex square footages range from 3124 sq.ft. to 4006 sq.ft. All units have granite countertops and come with a garages. 2 units are vacant and rent ready at market rates. Huge rental upside on the remaining units. Tenants pay all utilities except water and sewer.
The area continues to gentrify and the huge rental upside potential of this portfolio makes it an excellent investment opportunity for long term investors.

Property Facts

Price £7,298,250
Price / SF £254.46 / SF
Sale Conditions
1031 Exchange
  • Portfolio Sale
Net Initial Yield 6.81%
Sale Type Investment
Status Active
Number of Properties 8
Individually For Sale 0
Total Building Size 28,681 SF
Total Land Area 1.03 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
5753 8th Ave, Los Angeles, CA 90043 Residential 3,600 SF 2016 -
8617 Hickory St, Los Angeles, CA 90002 Residential 3,744 SF 2016 -
9023 Baring Cross St, Los Angeles, CA 90044 Residential 4,006 SF 2016 -
146 W 93rd St, Los Angeles, CA 90003 Residential 3,706 SF 2016 -
1516 E 55th St, Los Angeles, CA 90011 Residential 3,461 SF 2016 -
838 E 80th St, Los Angeles, CA 90001 Residential 3,124 SF 2016 -
645 E 78th St, Los Angeles, CA 90001 Residential 3,520 SF 2016 -
1026 W 84th Pl, Los Angeles, CA 90044 Residential 3,520 SF 2016 -
Show More > < Show Less
  • Listing ID: 33296227

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 8 New Duplexes, Los Angeles, CA

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