Los Angeles, CA 90022,722 S Ford Blvd
Los Angeles, CA 90022,722 S Ford Blvd
Los Angeles, CA 90022,722 S Ford Blvd
11
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$2,300,000
Est. payment /mo
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17 Beds
12 Baths
7,146 SqFt
Active

722 S Ford Blvd Los Angeles, CA 90022

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Valerie O'Donnell

Valerie O'Donnell

Simply Vegas

+1(702) 858-6162

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,146 sqft

Price per Sqft $321

MLS Listing ID 25512843

Bedrooms 17

Year Built 1931

Lot Size 6,657 Sqft

Acres 0.1529

Property Sub-Type Multi-Family

Property Description

We are pleased to present 722 S Ford Blvd, a 12-unit multifamily investment opportunity in East Los Angeles, located just north of Whittier Blvd off the 710 Freeway. The property features a unit mix of seven one-bedrooms and five two-bedrooms. At the asking price, the property is being offered at a 6.91% CAP rate and 8.60 GRM on current income with an additional 13% rental upside, offering high in-place yield. The property is well-maintained, and ownership has completed significant cap ex items including the exterior paint and facade, new windows, water heater, renovated common area hallways with vinyl-plank flooring and new paint, and renovated interior units include recessed lighting, new flooring, wall AC units, stainless steel appliances, new kitchen cabinetry with backsplashes, and renovated bathrooms. Additional upside achievable through parking in the rear of the property or a potential ADU(s) (Buyer to verify). The property has a secure entrance, and common area laundry with two washers and two dryers, leased to Wash. The property is a half-mile from the Metro L Rail Line, and walking distance to the Metro Local Lines along Ford Blvd and Whittier Blvd. The location offers easy access to the 710, 5, and 60 Freeways for a commute to Downtown Los Angeles, Vernon, Commerce, and the San Gabriel Valley.

Location

State CA

County Los Angeles

Area East La

Zoning LCR3*

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

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agent

Valerie O'Donnell

Real Estate Professional | RE.S.60078.LLC

+1(702) 858-6162

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722 S Ford Blvd