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Listed by Chris Keramati • Triqor Group
$5,790,000
Est. payment /mo
0.81 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25043374
Year Built 1963
Lot Size 0.814 Acres
Source California Regional MLS
Property Description
We are pleased to present Clara Street Apartments a 22-unit apartment community covering almost 1 Acre. The property features all large 2-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With over a 6% cap rate based on current income, this property presents a strong investment opportunity.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Garage Spaces 32.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 6225028005
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033