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1212 Amalia Ave
Los Angeles, CA 90022

1212 Amalia Ave - Building Photo

Property Details

Address:                    1212 Amalia Ave

Price:                          $2,300,000

Property Type:           Multifamily  

Lot Size:                     6,599 SF

Location:                     East LA

Building Size:              7,474 SF

Number of Units:        10

Zoning:                         LCR4YY

Mayelian Apartment Group is pleased to present the great opportunity to invest in a value add 10-unit Spanish style building. Owner will carry financing at 4.5%! The building is offered at a current cap rate of 4.8 and GRM of 13.99. The building consists of one 2 bedroom/1 bath and nine 1 bedroom/1 bath units. Six of the units have been remodeled. All units include in-unit washer/dryer hookups and there are eight separate garages. The property is separately metered for gas and electricity and upon tenant turnover, a buyer can utilize RUBs to allocate the cost of the water to the tenants. Located in the Unincorporated area of LA, the property is not subject to City of LA rent control and rent increases can range from 3-8% (depending on CPI) starting in January 2023. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino.

Anie Mayelian
(818) 915-9118

Contact Information

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