With an attractive 4.9% cap rate and a 14.3 gross rent multiplier this remarkable multi-family building is priced to sell! 1150 Regent St. is a 12-unit apartment building nestled in the highly sought-after Palms area of Los Angeles, boasting a vibrant community and endless investment potential. This prime property presents a golden opportunity for astute investors seeking to expand their portfolio in the thriving Los Angeles real estate market. With its desirable features and strategic location, this multifamily classic is poised to deliver impressive returns. Spanning an impressive 8,620 square feet, this well-maintained apartment building is situated on an expansive 11,514 square foot lot, offering ample space for residents to enjoy. With a net operating income of $12,311, this investment promises lucrative returns that are sure to capture the attention of discerning buyers.
Property Details
Price:
$3,100,000
MLS #:
25504187
Status:
Active
Baths:
0
Address:
11150 Regent Street
Type:
Commercial
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Feb 27, 2025
State:
CA
ZIP:
90034
Year Built:
1954
Schools
Interior
Exterior
Parking Spots
10.00
Stories Total
2
Financial
Map
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11150 Regent Street
Los Angeles, CA
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