Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

6,014 sqft

Lot size

10,625 sqft

Year built

1972

Stories

2

Garage spaces

8

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

0

MLS #

243598405

About this property

708 Burger Ave presents an excellent opportunity to acquire an eight-unit apartment building in East Los Angeles. This well-kept asset offers reliable income and future growth potential in a high-demand rental market. The property benefits from additional parking income with four rented spaces and strong tenant demand due to its central location near amenities and transportation. With an estimated 5.87% cap rate and 12.44 GRM, this property provides a balanced investment with both cash flow and upside. A low-maintenance building suitable for investors looking to expand their portfolio in a proven rental area.

Location

708 Burger Avenue

East Los Angeles, Los Angeles, CA, 90022