4215 S Kansas Avenue Active

Los Angeles,CA 90037

$ 3650000

- Bed

0 Bath

9550 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,550 sqft

Price per Sqft $382

MLS Listing ID CRPW24219007

HOA Y/N No

Year Built 1924

Lot Size 6,659 Sqft

Acres 0.15

Property Description

4215 Kansas Avenue is a 24-unit apartment building in Los Angeles, California. The property is in a strong rental location just a half-mile from Expo Park and top Los Angeles attractions that include the L.A. Memorial Coliseum, BMO Stadium, the Lucas Museum, the California Science Center, the California History Museum, and more. Furthermore, USC and the Metro Expo line are just one mile from the property. 4215 Kansas Avenue features 23 studio apartments and one one-bedroom unit. Many of the units have been upgraded, and all are separately metered for gas and electricity. The building also offers on-site laundry. Current rents offer a new investor 27 percent rental upside, and attractive assumable financing make this a great acquisition opportunity in a dense rental market. Assumable financing terms: Freddie Mac loan via CBRE with a fixed rate of 3.71% until May 1st, 2030. $1,268,411.93 balance remaining as of October 2024.

Location

State CA

County Los Angeles

Area Listing

Zoning LAR3

Interior

Fireplace No

Laundry Community Facility

Building

Lot Description Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 5020021004

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