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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 1,495,000
Est. payment /mo
New
3438 McKinley Ave Los Angeles, CA 90011
8,816 SqFt
UPDATED:
02/19/2025 05:52 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,816 sqft
Price per Sqft $169
MLS Listing ID CRSB25036159
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1928
Lot Size 6,700 Sqft
Property Sub-Type Other
Property Description
3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of all oversized (8) 2-Bed/1-Bath units with 109% in Rental upside! Stabilizes at a 12.48% cap rate and 5.78 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $169/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio. 3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Laundry No Hookups
Building
Water Public
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