We are proud to announce the exclusive listing for sale of 4321 Woodlawn Avenue, Los Angeles, CA 90011, a six-unit multifamily investment property near Downtown LA with a 5.21% cap rate at list price on day one.
The gated property comprises three separate bungalow style buildings along a center courtyard, with six easily accessible parking spaces in the back with alley access. The total building square footage is 2,736 and is located on a 6,750 square foot lot, zoned LAR2.
The bungalow style and unit mix are very desirable. The property consists of four one-bedroom / one-bathroom and two two-bedroom / one-bathroom units. The property is well-maintained and income is stable, four of the tenants reimburse the owner for utilities via RUBS, and one of the tenants is Section 8.
4321 Woodlawn is located just south of Downtown LA, east-adjacent of the 110-freeway, and is within five minutes of the University of Southern California (USC), Natural History Museum, and Exposition Park.
The area’s desirability and rental rates continue to climb quickly, as both DTLA and USC continue to grow and expand nearby. This is an incredible opportunity to buy a multifamily investment property that has a desirable layout and setup, is well-maintained, and provides immediate cash flow.
Additionally, the Seller’s current loan may be assumable. This information, along with the utility bills, will be provided upon request to serious buyers.
Disclosure: Buyer is responsible to do all due diligence with the city. Do not disturb tenants or walk on the property.