5 Units - 1 Delivered Vacant
$1,250,000
2526 Alcazar St
# of Units: 5
Lot SF: 7,506
Parking: 9 Spots
Bldg SF: 3,844
Year Built: 1986
Area: East Los Angeles
Zoning: LARD1.5
Price/SF: $325
Description
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2526 Alcazar Street is an ideal value-add investment located just blocks from KECK Medicine of USC and the USC Health Sciences Campus. This area around the campus is flourishing with new developments, a Hyatt hotel, student housing, and more. Built in 1986, the property is only subject to AB 1482 Rent Control, which is significantly more favorable than the city or county rent control. The property features a very large 2 story townhouse style 3Br+2.5Ba apartment in the front of the building, and two 2Br+1Ba apts and two 1Br+1Ba apts. The lot is over 7,500 SF with rear open parking and potential for ADUs. 1 unit is vacant!
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Property Highlights
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Under 11.5 GRM and appx. 6% CAP! The Average GRM in the Area is 14.66.
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Nearby Restaurants: Starbucks, Chipotle, All About Poke, Popeyes, Dino’s Chicken, Chanos, La Monarca, The Heights Deli, The Office, Moo’s Craft BBQ, and much more!
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Built in 1986, This Property is Only Subject to AB 1482 Rent Control
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1 Unit Vacant & 2 Tenants Due For Their Annual Rent Increase
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Spacious Parking Lot with ADU Potential
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Located Conveniently Close to USC KECK Hospital & Medical School, FIDM, Occidental College, and Cal State LA.
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Extensive New Construction in the Immediate Neighborhood - Attraction to Medical Students and Investors.
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Less Than 5 Miles from Downtown Los Angeles.