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2352 Forney St 2 Unit Apartment Building Offered at $1,798,407 CAD at a 6.06% Cap Rate Los Angeles, CA 90031
EXECUTIVE SUMMARY
The LA dream is alive in this rare offering, two remodeled homes on a corner lot in vibrant Frogtown. Each dwelling sits on its own side of the gated lot, separated by a shared garage for privacy. Delivered vacant and ready to generate income, the three-bedroom, two-bath residence features an open layout and a kitchen finished with stone countertops and stainless appliances. Outdoor nooks in front and back provide space to garden, dine, and unwind. The second home is a two-bedroom residence with stylish updates throughout its open-plan design. Each unit enjoys the convenience of its own parking and laundry, an ideal setup for owner-use or rental. From this desirable location you're moments from the LA River Bike Path, La Colombe, Spoke Caf, Wax Paper, Lingua Franca, Salazar, Frogtown Brewery, and more.
PROPERTY FACTS
| Price | $1,798,407 CAD | Property Type | Multifamily |
| Price Per Unit | $899,203 CAD | Building Size | 1,874 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 6.06% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1924 |
| Price | $1,798,407 CAD |
| Price Per Unit | $899,203 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,874 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1924 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 1 | $4,461 CAD | - |
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2352 Forney St
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