7
See all 7 photos
$1,450,000
Est. payment /mo
Price Dropped by $45K
3438 McKinley Ave Los Angeles, CA 90011
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25036159
Originating Board California Regional MLS
Year Built 1928
Lot Size 6,700 Sqft
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.
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Pool 31, None
Building
Water District - Public
Others
Tax ID 5114016011
Special Listing Condition Not Applicable
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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.