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722 S Ford Blvd 12 Unit Apartment Building $2,921,709 CAD ($243,476 CAD/Unit) 7.39% Cap Rate Los Angeles, CA 90022
Investment Highlights
- Desirable unit mix, consisting of (7) 1 Bed/1 Bath and (5) 2 Bed/1 Bath units, currently collecting over $22,000 in monthly rent
- Conveniently located in East Los Angeles, in close proximity to restaurants, shopping centers, and major metropolitan hubs
- The property is priced at $175k/Unit and offers a going in cap rate of 7.39% and 7.87 GRM
Executive Summary
722 S Ford Blvd presents an excellent opportunity to acquire a well-located 12-unit multifamily property in East Los Angeles. The property features a desirable unit mix consisting of (7) 1 Bed/1 Bath Units and (5) 2 Bed/1 Bath Units, currently generating $22,225 in monthly rental income.
The asset is currently operating at a 7.39% cap rate and 7.87 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $175,000 per unit and $294 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area.
Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
The asset is currently operating at a 7.39% cap rate and 7.87 GRM, providing investors with stable in-place income and strong cash flow. Priced at just $175,000 per unit and $294 per square foot, the offering presents an attractive basis relative to comparable multifamily assets in the area.
Located in East Los Angeles, the property benefits from close proximity to Downtown Los Angeles, surrounding Eastside neighborhoods, and major transportation corridors including Interstate 5, Interstate 10, and Interstate 70, providing residents with convenient access to employment, retail, and entertainment destinations throughout the greater Los Angeles area.
Property Facts
| Price | $2,921,709 CAD | Property Subtype | Apartment |
| Price Per Unit | $243,476 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.39% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 7.87 | Building Size | 7,146 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | R3, L.A. County - high density residential | ||
| Price | $2,921,709 CAD |
| Price Per Unit | $243,476 CAD |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| Gross Rent Multiplier | 7.87 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,146 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | R3, L.A. County - high density residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5247-012-005 | Improvements Assessment | $1,266,437 CAD |
| Land Assessment | $1,575,131 CAD | Total Assessment | $2,841,568 CAD |
Property Taxes
Parcel Number
5247-012-005
Land Assessment
$1,575,131 CAD
Improvements Assessment
$1,266,437 CAD
Total Assessment
$2,841,568 CAD
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722 S Ford Blvd
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