732 S Ferris Ave East Los Angeles, CA 90022

Price
Not For Sale
Last Update
Nov 30th, 2023
Type
Off Market
Status
Off Market
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4 Beds
2 Bath
3788 sqft
Off Market

Snapshot

Property Type
Apartment
Lot Size
0.24 acres
Property Sqft
3,788
MLS Number
DW23065201
Year Built
1928
Days On Market

Description

Realty Executives Commercial is pleased to present 732 South Ferris Avenue, an 8 unit apartment building consisting of (7) 1 Bed + 1 Bath units and (1) 3 bed + 1 bath. This property is situated in an excellent East Los Angeles neighborhood with very desirable single-story units on a large 10,626 square foot lot zoned LCR3. A new investor would appreciate the current income yielding a 4.62% cap rate and $231,250 cost per unit. Total rentable square feet of the building is approximately 3788 square feet. Property has a big yard and each tenant enjoys one parking space. Tenants also enjoy the convenience of being located near many shops and restaurants off of Whittier Boulevard's retail corridor, they are also within a short drive to the 5, 60, and 710 freeways. Property is located in the Unincorporated County of Los Angeles, the 'rent freeze' has been lifted and new owner can increase rents to applicable units.**DO NOT WALK ON THE PROPERTY - PLEASE DO NOT DISTURB TENANTS**

More Details

Provider
Realty Executives Family Real Estate
MLS ID
MRMLSCA
MLS Name
California Regional Multiple Listing Service, Inc
MLS Number
DW23065201
Source
listhub
PARTICIPANT
Name
David Gomez
Primary Phone
(323) 715-6261
Key
3YD-MRMLSCA-YGOMDAVM
Email
davidmgomez.re.broker@gmail.com
BROKER
Name
Realty Executives Family Real Estate
Phone
(562) 205-1700
OFFICE
Name
Realty Executives Com. & Res.
Phone
(562) 205-1700
Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

History

DateEventPrice$/SqftSource
Listing Removed For Sale$1,699,000 $449Realty Executives Com. & Res.
Price Changed$1,699,000 -10.58%$449Realty Executives Com. & Res.
Listed For Sale$1,900,000 $502Realty Executives Com. & Res.
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Nearby Schools

High School

Monterey Continuation

0.5 miles away09 - 12

Elementary School

Winter Gardens Elementary

0.5 miles awayKG - 05

Senior High School

James A. Garfield Senior High

0.5 miles away09 - 12
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