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13226 Paxton St Los Angeles, CA 91331

Sponsored
For Sale
$2,800,000

High-Yield Multifamily Investment, Pacoima CA

Property size:
8,340 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This 10-unit apartment building in Los Angeles, CA presents a compelling value-add investment opportunity. Located at 13226 Paxton St, Pacoima, CA 91331, this Class C property boasts 8,340 square feet on a 13,723 square foot lot and features four buildings with two stories each. Built in 1953 and renovated in 2020, the property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $154,784, representing a 5.53% cap rate. A pro-forma NOI of $185,000 projects a 6.61% cap rate. Each of the ten units includes one parking space and features individually metered gas and electric, offering potential for increased profitability. The property's copper piping and recently replaced sewer system (3 years old) contribute to its overall value. The asking price is $2,800,000 ($280,000 per unit and $335.73 per square foot). All tenants are on month-to-month leases, and seller financing is available. The property is situated in Los Angeles County. This is a motivated seller situation. All information should be verified by the buyer.

Property Features for 13226 Paxton St

General Information

Property type
Multifamily properties
Square Feet
8,340 SF
Class
C

Building Details

Year Built/Renovated
1953/2020
Buildings
4
Stories
2
Units
10

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.4206395
Latitude
34.277387

FAQs

What type of property is this?
Multifamily property - High-Yield Multifamily Investment, Pacoima CA
Where is this multifamily property located?
The property is located at 13226 Paxton St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,800,000.
More about this property
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