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.