816 S Record Avenue Los Angeles, CA 90023

Listing Agency eXp Realty of California Inc

Listed by Annalee Bauer · License #02032556

Source Crexi

Added: May 17 Checked: Jul 16 at 12:28 pm

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Investment Insights

Based on property information with market context.

This well-maintained, fully occupied 10-unit multifamily building, constructed in 2006, is located in a dense residential area of East Los Angeles. The property features 19 bedrooms and 10 bathrooms. The building comprises 9 large two-bedroom, one-bathroom units, and 1 large one-bedroom, one-bathroom unit. Each unit is equipped with its own mini split system and separate electricity, gas, and water meters. Tenants are responsible for all utility payments, contributing to low maintenance and expenses for the owner. On-site amenities include coin-operated laundry and covered parking for tenants. Situated approximately five miles from Downtown Los Angeles and four miles from Monterey Park, the property offers convenient access to the entertainment, restaurants, and shopping corridor on Whittier Boulevard. East Los Angeles College is located three miles away. The location provides connectivity to Interstate 710, Interstate 5, and Route 60. This property presents an investment opportunity to own a multi-family asset in a desirable location.

Key Highlights

• Fully occupied 10‑unit multi‑family building built in 2006.
• Each unit has separate meters for electricity, gas, and water; tenants pay all utilities.
• Features 9 large 2‑bedroom units and 1 large 1‑bedroom unit.

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FAQs

What type of property is this?

Apartment building - Fully occupied 10-unit building in a prime rental location.

Where is this apartment building located?

The property is located at 816 S Record Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: Fully occupied 10‑unit multi‑family building built in 2006.; Each unit has separate meters for electricity, gas, and water; tenants pay all utilities.; Features 9 large 2‑bedroom units and 1 large 1‑bedroom unit.