2533 Lucerne Ave

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Address: 2533 Lucerne Ave, Los Angeles, California, US
Created date: May 15, 2024
Date last updated: May 18, 2024

Property Description

Very rare, West Adams 4-unit apartment building. Property near Culver City, The Cumulus District, the Hayden Tract, and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. Gross Scheduled Income (GSI) $92,160; Expenses $28,860; Net Operating Income (NOI) $63,300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $2,200,000
No. of Units: 4
Year Built: 1930
Lot Size: 5,530.00 Sq ft
Opportunity Zone: No
Price per unit: $550,000
Property Website Click Here
Number of Bedrooms: 12
Number of Bathrooms: 0
Address: 2533 Lucerne Ave, Los Angeles, CA 90016, USA
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