Homes for sale - 3438 McKinley Ave, Los Angeles, CA 90011

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,450,000

Est. payment - /mo

6,699 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25036159

HOA Y/N No

Year Built 1928

Lot Size 6,699 Sqft

Property Sub-Type Apartment

Property Description

50K Price Reduction!
3438 McKinley Ave is a value add opportunity located
in the heart of Los Angeles. This well maintained 8-Unit
apartment building is comprised of all oversized (8)
2-Bed/1-Bath units with 105% in Rental upside!
Stabilizes at a 13.95% cap rate and 5.60 GRM, this asset
is ideal for any savvy investor to unlock the income
potential.
Built in 1930, the subject property is an 8 unit
apartment spread out over 8,816 Sq. Ft situated on a
6,700 Sq. Ft lot, 3438 McKinley is a unique value-add
opportunity in an extremely fast growing rental market
of Los Angeles. Priced at $164/Sq. Ft, this building is
perfect for any exchange buyer or value add investor
to maximize their portfolio.
3438 McKinley is located just minutes from USC,
Downtown LA, Gilbert Lindsay Park, Exposition Park,
Lucas Museum, Art's District, The Reef, BMO Stadium, LA
Live and billions of dollars worth of development
pouring into the neighborhood.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114016011

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

Read Less Info

Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559

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Serving Southern California

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