337 S Avenue 60 | Los Angeles, CA 90042
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- LoopNet Team
337 S Avenue 60
Los Angeles, CA 90042
The Raven · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- This 100% occupied apartment community offers a pride-of-ownership asset with robust in-place cash flow and substantial additional growth potential.
- Updated units boast hardwood-style flooring, abundant natural light, stainless steel appliances, and upscale finishes.
- Situated in a premier investment neighborhood of Northeast LA, with multifamily vacancies of just 5.4% and 5-year average annual rent growth of 1.2%.
- Professionally managed and maintained, The Raven features excellent curb appeal, on-site covered parking, and community laundry facilities.
- Value-add investors benefit from the upside to increase rents through continued interior renovation/modernization to stabilize at a 7.11% cap rate.
PROPERTY FACTS
| No. Units | 12 | Building Size | 16,037 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | B | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | RD2, Los Angeles - Restricted Density Multiple Dwelling | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 16,037 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | RD2, Los Angeles - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 655 |
| 2+1 | 4 | - | 870 |
PROPERTY TAXES
| Parcel Number | 5492-021-013 | Improvements Assessment | $2,409,475 |
| Land Assessment | $3,463,621 | Total Assessment | $5,873,096 |
PROPERTY TAXES
Parcel Number
5492-021-013
Land Assessment
$3,463,621
Improvements Assessment
$2,409,475
Total Assessment
$5,873,096
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