$2,100,000
Los Angeles, CA 90022
1931
Year Built
Los Angeles
County
Apartment
Property Type
722 S Ford Blvd presents an excellent opportunity to acquire a well-located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income. The asset is currently operating at a 7.39% cap rate and 7.87 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $175,000 per unit and $294 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area. Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
$11,177/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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