Community 6

$790,000 sale

4689 Reinhardt Dr

Oakland, CA 94619

AREA SQFT

2,127

BEDROOMS

BATHROOMS

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$1,498,000 sale

2266 Mora

Mountain View, CA 94040

AREA SQFT

1,463

BEDROOMS

BATHROOMS

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$749,000 sale

2808 9Th St

Berkeley, CA 94710

AREA SQFT

1,050

BEDROOMS

BATHROOMS

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$935,000 sale

18030 Prado

Salinas, CA 93908

AREA SQFT

1,720

BEDROOMS

BATHROOMS

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$438,000 sale

1637 Lemon St

Vallejo, CA 94590

AREA SQFT

1,513

BEDROOMS

BATHROOMS

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$1,695,995 sale

4573 Massachusetts St

San Diego, CA 92116

AREA SQFT

BEDROOMS

BATHROOMS

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$599,800 sale

1273 98th Ave

Oakland, CA 94603

AREA SQFT

BEDROOMS

BATHROOMS

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$1,225,000 sale

4310 Camille

Santa Ana, CA 92704

AREA SQFT

BEDROOMS

BATHROOMS

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$675,000 sale

1242 Willowside

Alpine, CA 91901

AREA SQFT

BEDROOMS

BATHROOMS

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$2,250,000 sale

3460 Maplethorpe

Soquel, CA 95073

AREA SQFT

BEDROOMS

BATHROOMS

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$2,800,000 sale

11747 Bellagio

Los Angeles, CA 90049

AREA SQFT

BEDROOMS

BATHROOMS

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$6,500,000 sale

847 Sherbourne

Los Angeles, CA 90035

AREA SQFT

BEDROOMS

BATHROOMS

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$1,489,000 sale

7054 Amherst St

San Diego, CA 92115

AREA SQFT

BEDROOMS

BATHROOMS

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$950,000 sale

4507 Martin Luther King Jr Way

Oakland, CA 94609

AREA SQFT

BEDROOMS

BATHROOMS

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$1,700,000 sale

1718 Bancroft Way

Berkeley, CA 94703

AREA SQFT

BEDROOMS

BATHROOMS

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$859,950 sale

141 Gilbert Ct

Martinez, CA 94553

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,575,000 sale

3733 Bostwick

Los Angeles, CA 90063

AREA SQFT

BEDROOMS

BATHROOMS

View Property Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 3733 Bostwick Street in Los Angeles, California. The subject property is situated in a quiet City Terrace location, north of Pomeroy Street and east of City Terrace Drive. Located just across the river from the arts district, City Terrace is in a highly dense and unincorporated area of Los Angeles with over 75% of residents being renters. Recently City Terrace has seen a lot of interests and is a place for residents looking to escape high rents elsewhere. City Terrace and its adjoining neighborhood, Boyle Heights, is undergoing a real estate boom and property values have trended upward. The community is undergoing a renaissance due to its proximity to Downtown and accessibility to public transportation. Future residents will benefit from outstanding access to retail, entertainment, and cultural venues within the immediate submarket as well as nearby neighborhoods like Downtown LA, Silverlake, Echo Park, and Hollywood. The Metro Gold Line now extends through East Los Angeles, providing light rail transit service in the Eastside. Constructed between 1926 and 1970, the property sits in an up and-coming area and has a desirable unit mix of two (2) studios, one (1) one-bedroom / one-bathroom unit, and four (4) two bedroom / one-bathroom units. Five (5) of the units have been renovated, and two (2) buildings have new roofs. Tenants enjoy on-site laundry, garage parking, and detached structures which allows for increased privacy. The breakdown of the property is as follows: the building in the front on the left is an unrenovated studio. The building in the front on the right is a 2+1 that has been renovated, has had square footage added, has a new roof, and is separately metered for water, gas, and electric. The building in the middle has a new roof and consists of a converted 2+1 patio and basement, a 2+1 moderately renovated unit on the bottom floor, and a fully renovated 1+1 and 2+1 upstairs. Finally, the building in the back is a fully renovated studio. Well positioned in a gentrifying area of City Terrace, the subject property offers dominant access to numerous entertainment possibilities, which presents a special opportunity for an investor to capitalize on a stabilized asset and a strong 6.82% cap rate.

$1,128,000 sale