3438 McKinley Ave
Los Angeles, CA, 90011
$1,395,000
Beds
0 Baths
SqFt
0.15 Acres
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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! Currently priced at a 5.35% cap rate, this building stabilizes at a 14.55% cap rate and 5.39 GRM, 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 $158/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&#39's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Property Details

Price:
$1,395,000
MLS #:
SB25036159
Status:
Active
Baths:
0
Address:
3438 McKinley Ave
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 18, 2025
State:
CA
ZIP:
90011
Lot Size:
6,700 sqft / 0.15 acres (approx)
Year Built:
1928
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Fireplace Features
None
Flooring
Laminate
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Wall Furnace

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Electric
Standard
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
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None
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Public Sewer
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None
Stories Total
2
Water Source
Public

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3438 McKinley Ave
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