14121 Friar St Los Angeles, CA 91401
Seven-unit multifamily property with upside potential in Los Angeles.
Lot size:
0.17 AcresProperty Features for 14121 Friar St
General Information
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1998
Source: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity
This multifamily property, constructed in 1998, features seven units spread over 6,526 square feet. The unit mix consists of two-bedroom, two-bathroom units and a two-bedroom, two-and-a-half-bathroom townhouse. Each unit includes balconies, central heating and air conditioning, high ceilings, and two parking spaces. The property is subject to state rent control, with a rent increase of 8.8% in 2005. Additional features include a gated and secured entry, copper plumbing, a newer water heater, and on-site laundry facilities owned by the current management. The property does not require seismic retrofitting. The current capitalization rate is 6.06%.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.44091
- Latitude
- 34.18579
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property with upside potential in Los Angeles.
Where is this apartment building located?
The property is located at 14121 Friar St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - 6.06% Current Cap Rate; - Highly sought-after mix of 2-Bed/2-Bath units and a 2-Bed/2.5-Bath Townhouse; - All units feature balconies, central heating and air conditioning, high ceilings, and 2 parking spaces