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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,300,000

Est. payment - /mo

6 Beds

6 Baths

3,090 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,090 sqft

Price per Sqft $420

MLS Listing ID 25583323

Bedrooms 6

HOA Y/N No

Year Built 1923

Lot Size 6,202 Sqft

Property Description

We are pleased to present a six (6) unit apartment building located at 5217 Denker Avenue in Los Angeles, California. The subject property is located in a solid South Los Angeles location, west of Normandie Avenue and north of Slauson Avenue. This fully turn-key multifamily asset is located in a solid South Los Angeles neighborhood. Offering a strong initial cash flow with an impressive 8.34% cap rate, the property features a streamlined unit mix of all one-bedroom units, each of which has been fully renovated. Significant capital improvements include brand new copper piping, new sewer and gas lines, updated electrical subpanels and wiring, and new wood framing with modern drywall. The gated and secure property also provides four on-site garages, presenting an excellent opportunity for ADU conversion under SB1211. With dominant access to major commercial corridors such as Normandie Ave, Slauson Ave, and Western Ave, as well as proximity to the 110 Freeway and Harvard Park, this asset benefits from strong connectivity and livability. This rare combination of a strong 8.34% cap rate and extensive recent capital improvements makes this a compelling investment opportunity with immediate cash flow and long-term value appreciation.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR4

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5003011014

Special Listing Condition Standard

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Listed by Jason Tuvia Marcus & Millichap

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5217 Denker AVE Los Angeles, CA 90062