3438 McKinley Ave, Los Angeles, CA 90011

3438 McKinley Ave is a value add opportunity located in the heart of Downtown Los Angeles. This well maintained 8-Unit apartment building is comprised of all (8) 3-Bed/1-Bath units collecting a total of $9,113.49 a month and $109.362 annually. Built in 1928, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438. This 8 UNIT Stabilizes at 15.42% Cap rate and 4.97 GRM on current rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases and up to date, subject to LA City rent control. Property is mastered metered for Gas & Water. McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles.