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$2,050,000
Est. payment /mo
3 Beds
7,786 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25239716
Bedrooms 3
Lot Size 7,786 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present a rare opportunity to acquire an eight-unit apartment community located on a private cul-de-sac in La Mirada. The property features a desirable unit mix of four one-bedroom and four two-bedroom apartments, appealing to a wide range of renters. The asset is currently operating at a cap rate of approximately 5.5% on in-place numbers, offering strong day-one cash flow with meaningful upside potential through interior upgrades and rent increases. Situated less than one mile from Biola University, the property benefits from steady rental demand supported by a consistent student population as well as proximity to major employers, schools, and regional amenities. The location combines a strong rental market with the quiet privacy of a cul-de-sac settingdriving both tenant retention and long-term stability. This is an ideal opportunity for investors seeking a well-located, low-density multifamily asset with immediate income, prove demand drivers, and value-add potential.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Driving East on Imperial Hwy, Turn Right Onto La Mirada Blvd., Turn Right Onto Gagely Dr., Property Will be On Your Left
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8041024002
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Listed by Chris Keramati Triqor Group
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