Samimi CRE Advisors
    Listings/733 Bernard St
    733 Bernard St - Photo 1
    multifamilyActive Listing

    733 Bernard St

    Los Angeles, CA 90012

    Valuation

    $1,960,000

    Key Specifications

    Total Units

    6

    multifamily

    Year Built

    1985

    Value-Add Era

    Interior

    4,754 SF

    $412 / SF

    Lot Area

    6,264 SF

    Investment Highlights

    Cap rate 5.83%

    Property Overview

    Great opportunity to own a Non Rent Controlled, ’85 Construction property at 733 Bernard St., Los Angeles. This Echo Park adjacent 6-Unit asset is located only one block away from Dodgers Stadium! Bernard St. has a very strong unit mix, being comprised of all 2-bedroom/2-bath units. There is plenty of tuck under parking on the property, enough space to fit over 10 cars. Units feature dishwashers and Central A/C & Heat, and copper plumbing. Rents are currently 31% below market, allowing for a proforma 5.83% Cap and 12.18 GRM. Property is separately metered for gas and electric. Do not miss out on a great opportunity to own a Non Rent Controlled, ’85 Construction asset in Los Angeles.