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$ 3,100,000
Est. payment | /mo
0.26 Acres Lot
$ 3,100,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25504187
HOA Y/N No
Year Built 1954
Lot Size 0.264 Acres
Property Description
With an attractive 4.9% cap rate and a 14.3 gross rent multiplier this remarkable multi-family building is priced to sell! 1150 Regent St. is a 12-unit apartment building nestled in the highly sought-after Palms area of Los Angeles, boasting a vibrant community and endless investment potential. This prime property presents a golden opportunity for astute investors seeking to expand their portfolio in the thriving Los Angeles real estate market. With its desirable features and strategic location, this multifamily classic is poised to deliver impressive returns. Spanning an impressive 8,620 square feet, this well-maintained apartment building is situated on an expansive 11,514 square foot lot, offering ample space for residents to enjoy. With a net operating income of $12,311, this investment promises lucrative returns that are sure to capture the attention of discerning buyers.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Story 2
Others
Tax ID 4252001001
Special Listing Condition Standard
Listed by Finneus Egan • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "