722 S FORD BOULEVARD, LOS ANGELES CA 90022
- 7,146 sq.ft.
- 6,657 sq.ft. lot
Property Description
We are pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Los Angeles, located just north of Whittier Blvd off the 710 Freeway. The property features a unit mix of seven one-bedrooms and five two-bedrooms. At the asking price, the property is being offered at a 6.91% CAP rate and 8.60 GRM on current income with an additional 13% rental upside, offering high in-place yield. The property is well-maintained, and ownership has completed significant cap ex items including the exterior paint and facade, new windows, water heater, renovated common area hallways with vinyl-plank flooring and new paint, and renovated interior units include recessed lighting, new flooring, wall AC units, stainless steel appliances, new kitchen cabinetry with backsplashes, and renovated bathrooms. Additional upside achievable through parking in the rear of the property or a potential ADU(s) (Buyer to verify). The property has a secure entrance, and common area laundry with two washers and two dryers, leased to Wash. The property is a half-mile from the Metro L Rail Line, and walking distance to the Metro Local Lines along Ford Blvd and Whittier Blvd. The location offers easy access to the 710, 5, and 60 Freeways for a commute to Downtown Los Angeles, Vernon, Commerce, and the San Gabriel Valley.
Listing Courtesy of Neema Ahadian, Marcus & Millichap
Interior Features
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