50K Price Reduction!3438 McKinley Ave is a value add opportunity locatedin the heart of Los Angeles. This well maintained 8-Unitapartment building is comprised of all oversized (8)2-Bed/1-Bath units with 105% in Rental upside!Stabilizes at a 13.95% cap rate and 5.60 GRM, this assetis ideal for any savvy investor to unlock the incomepotential.Built in 1930, the subject property is an 8 unitapartment spread out over 8,816 Sq. Ft situated on a6,700 Sq. Ft lot, 3438 McKinley is a unique value-addopportunity in an extremely fast growing rental marketof Los Angeles. Priced at $164/Sq. Ft, this building isperfect for any exchange buyer or value add investorto maximize their portfolio.3438 McKinley is located just minutes from USC,Downtown LA, Gilbert Lindsay Park, Exposition Park,Lucas Museum, Art's District, The Reef, BMO Stadium, LALive and billions of dollars worth of developmentpouring into the neighborhood.
|
DAYS ON MARKET
|
44
|
LAST UPDATED
|
3/17/2025
|
|
YEAR BUILT
|
1928
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 17, '25
|
$1,495,000
|
| Mar 17, '25 - Today |
$1,450,000 |
| AIR |
None |
| AREA |
Downtown L.A. |
| HEAT |
Wall Furnace |
| INTERIOR |
All Bedrooms Down, All Bedrooms Up |
| LOT |
6700 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Electric: Standard |
| WATER |
Public |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/2/25 10:00 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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