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1247 Ingraham Street Los Angeles, CA 90017
1247 Ingraham Street
Los Angeles, CA 90017
$6,525,000.00
Property Type Multi-Family Status For Sale Size 20588 SQ. FT

COMMANDER APARTMENTS | MULTIFAMILY NEAR DTLA FOR SALE

Premises: ± 20,588 SF 4-Story 40 Unit Building
± 6,889 SF Land (0.16 AC)
Price: $6,525,000
CAP Rate: 5.7% projected
Price/Unit: $163,000
Occupancy: 80% (currently)
Year Built: 1929
Building Class: C (reinforced brick with elevator)
Opportunity Zone: No
Apartment Style: Low Rise
Zoning:
LACW
Unit Mix Information: 40 Units 3 Bachelors, 33 Studios, 4 One-Bedrooms

 

Features
  • Up and popular city west location
  • Tremendous upside in rents
  • 20% vacant with remodeled units
  • 10 vacant fully remodeled units just completed
  • Over $250,000 in Capital improvements since 2019