Los Angeles, CA 90011 3438 McKinley Ave
$1,395,000
2 more
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Beds • 16
Baths • 8
SQFT • 8,816
Year Built • 1928
Home Details
3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of all oversized (8) 2-Bed/1-Bath units with 105% in Rental upside! Currently priced at a 5.35% cap rate, this building stabilizes at a 14.55% cap rate and 5.39 GRM, ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $158/Sq. Ft, this building is perfect for any exchange buyer or value add investor to 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, LA Live and billions of dollars worth of development pouring into the neighborhood.
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Interior Features for 3438 McKinley Ave
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesAllBedroomsUp, AllBedroomsDown
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 3438 McKinley Ave
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.35
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyWalk throughs will be subject to summited offers.
No units will be vacant or delivered vacant.
Please write all terms on offers, nothing verbal will be accepted.
CoolingNone
CountyLos Angeles
DirectionsOff Jefferson and Avalon
ElectricStandard
Electric On Property Y/NNo
Entry Location2
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income126451.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Exchange1031
Lot Size Square Feet6700.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income74642.0
New ConstructionNo
Number Of Units Total8
Operating Expense48016.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot13
Tenant PaysElectricity
Trash Expense0.0
Water Sewer Expense0.0
Year Built1928
Year Built SourceAssessor
Exterior for 3438 McKinley Ave
Building Area Total8816.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1538
Lot Size Area6700.0
Lot Size SourceAppraiser
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,395,000
MLS#SB25036159
List Date
02/18/2025
Property Type
Multi-Family
Phone
(310) 963-5595
