We are pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Los Angeles, located just north of Whittier Blvd off the 710 Freeway. The property features a unit mix of seven one-bedrooms and five two-bedrooms. At the asking price, the property is being offered at a 6.91% CAP rate and 8.60 GRM on current income with an additional 13% rental upside, offering high in-place yield. The property is well-maintained, and ownership has completed significant cap ex items including the exterior paint and facade, new windows, water heater, renovated common area hallways with vinyl-plank flooring and new paint, and renovated interior units include recessed lighting, new flooring, wall AC units, stainless steel appliances, new kitchen cabinetry with backsplashes, and renovated bathrooms. Additional upside achievable through parking in the rear of the property or a potential ADU(s) (Buyer to verify). The property has a secure entrance, and common area laundry with two washers and two dryers, leased to Wash. The property is a half-mile from the Metro L Rail Line, and walking distance to the Metro Local Lines along Ford Blvd and Whittier Blvd. The location offers easy access to the 710, 5, and 60 Freeways for a commute to Downtown Los Angeles, Vernon, Commerce, and the San Gabriel Valley.
Property Details
Price:
$2,300,000
MLS #:
25512843
Status:
Active
Baths:
0
Address:
722 S Ford Boulevard
Type:
Residential Income
Neighborhood:
elaeastlosangeles
City:
Los Angeles
Listed Date:
Mar 1, 2025
State:
CA
ZIP:
90022
Lot Size:
6,657 sqft / 0.15 acres (approx)
Year Built:
1931
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Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
None
Parking Spots
0.00
Stories Total
2
Financial
Map
Community
- Address722 S Ford Boulevard Los Angeles CA
- AreaELA – East Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90022
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722 S Ford Boulevard
Los Angeles, CA
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