Price
$ 3,705,000
Pending
159 S SUNOL Drive, Los Angeles, CA 90063  

159 S SUNOL Drive, Los Angeles, CA 90063  

Presenting the Sunol Apartments, a Rare and Unique Investment Opportunity currently cashing in 5.31% Cap Rate with a 12.99 GRM, situated adjacent to Boyle Heights and 1.3 miles from Monterey Park. The Sunol Apartments consist of 14 Spacious Two-Story Townhome Style easily rentable Units sitting on a very large 32,141 Square Foot LCR3 Zoned Lot. With an Excellent Unit Mix, the Sunol Apartments provide (2) 4 Bed + 1.5 Bath and (12) 3 Bed +1.5 Bath Units equipped with multiple Amenities such as Private Backyards, Individually Metered for Gas & Electricity, Laundry Hook-Ups in each unit, Secured/Covered Parking & Secured Entry. A Newer 1972 Construction Requiring Minimal Landlord Maintenance, Has Strong In Place Rents garnering top dollar in any market & with room for Rental Upside Potential of +/- 21%. Situated in a Historically Low Vacancy Rental Pocket of Los Angeles, this Prime Offering is ready for any Investor looking to add onto their Portfolio or complete your Exchange Upleg.

Read More
  • Listing Type Multi-Family
  • Listing ID 19454286
  • Lot Size 0.74 acres
  • Listing Status Contract Pending
  • Year Built 1972
  • County Los Angeles
  • Floors 2
  • Units 14
  • Zoning LCR3
  • TaxID 5233020041
Listing courtesy of Shant Sherbetdjian~RE/MAX Commercial and Investmen

Houses for Sale Nearby