Commercial%252520RE_edited_edited_edited

5601 Via Corona St, Los Angeles

CANCELLED

8 UNITS

$1,950,000

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PROPERTY LOCATION

5601 Via Corona St, East Los Angeles, CA 90022, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

8

$243,750

Price/Sqft

$300.18

Building Sqft

6496

Lot Sqft

Current Cap Rate

10979

5.26%

Current GRM

12.96

Year Built

1948

Zoning

Market Cap Rate

LCR405

6.32%

Market GRM

11.15

CONTACT

LISTING TEAM

Nico.jpg

Nathan Cruz

415.757.7969

DRE 01911777

Nico.jpg

Nathan Cruz

415.757.7969

DRE 01911777

Nico.jpg

INVESTMENT DESCRIPTION

Nathan Cruz and Nico Rosmarin of Lyon Stahl Investment Real Estate are pleased to present 5601 Via Corona, a charming 8 unit property located in the Bella Vista neighborhood of East Los Angeles, located midway between Pasadena, Long Beach, Downtown Los Angeles and the Orange County border.

The subject property is comprised of Four (4) – Two Bed/ One bath Units & Four (4) - One Bed/ One bath units, with a total living area of 6,496 SF situated on a sizeable 10,979 SF lot. Most units have been upgraded with new flooring, plumbing, and electrical.

This is an excellent opportunity for an investor to acquire a property in one of the most accessible neighborhoods of Los Angeles. Short distances to shops, restaurants, medical as well as the Gold Line, East Los Angeles College, California State University at Los Angeles, and the 5 and 710 freeways.

One unit will be delivered vacant at close of escrow.