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2815 Hyde Park Blvd
Los Angeles, CA 90043
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Great opportunity to acquire an asset in the redeveloping Hyde Park submarket with a desirable unit mix, spacious floor plans, and 21% rental upside
- The three-bedroom unit has been recently remodeled
- Building features two two-car garages, a single-car garage, and tandem driveway parking
- Property is a fourplex with one one-bed/one-bath, two two-bed/one-baths, and one three-bed/two-bath
- Situated on a corner lot with a large fenced patio
- Located less than a half-mile from the Crenshaw/LAX Metro K line and retail along Crenshaw Boulevard
Executive Summary
Marcus & Millichap is pleased to present to market the fourplex located at 2815 Hyde Park Boulevard in Los Angeles’ Hyde Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset with a desirable unit mix, spacious floor plans, and 21 rental upside in a redeveloping rental submarket.
2815 Hyde Park Boulevard is a 3,956-square foot 1956 construction fourplex on a large corner lot, and the building offers one three-bed/two-bath unit, two two-bed/one-baths, and one one-bed/one-bath. The property also features a large fenced patio, two two-car garages, a single-car garage, and tandem driveway parking.The three-bedroom unit was recently renovated and boasts upgrades that include quartz countertops, laminate flooring, and more.
The property is located less than a half-mile from the Crenshaw/LAX Metro K Line that opened in 2022; the metro line continues to spur a flurry of multifamily developments in the area thanks to Transit-Oriented Communities (TOC) incentives. 2815 Hyde Park Boulevard is zoned Tier 1 TOC (buyer to verify).
2815 Hyde Park Boulevard is a 3,956-square foot 1956 construction fourplex on a large corner lot, and the building offers one three-bed/two-bath unit, two two-bed/one-baths, and one one-bed/one-bath. The property also features a large fenced patio, two two-car garages, a single-car garage, and tandem driveway parking.The three-bedroom unit was recently renovated and boasts upgrades that include quartz countertops, laminate flooring, and more.
The property is located less than a half-mile from the Crenshaw/LAX Metro K Line that opened in 2022; the metro line continues to spur a flurry of multifamily developments in the area thanks to Transit-Oriented Communities (TOC) incentives. 2815 Hyde Park Boulevard is zoned Tier 1 TOC (buyer to verify).
Property Facts
| Price Per Unit | $427,259 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.21% | Building Size | 3,959 SF |
| Gross Rent Multiplier | 13.72 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR1 | ||
| Price Per Unit | $427,259 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 13.72 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 3,959 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | LAR1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 4007-017-006 | Improvements Assessment | $322,923 CAD |
| Land Assessment | $768,867 CAD | Total Assessment | $1,091,790 CAD |
Property Taxes
Parcel Number
4007-017-006
Land Assessment
$768,867 CAD
Improvements Assessment
$322,923 CAD
Total Assessment
$1,091,790 CAD
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