8 Unit Apartment Building For Sale

943 Centennial Street Los Angeles, CA 90012

943 Centennial Street, Los Angeles, CA, 90012
943 Centennial Street, Los Angeles, CA, 90012 943 Centennial Street, Los Angeles, CA, 90012 943 Centennial Street, Los Angeles, CA, 90012 943 Centennial Street, Los Angeles, CA, 90012 943 Centennial Street, Los Angeles, CA, 90012 943 Centennial Street, Los Angeles, CA, 90012
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,800,000 to
Cap Rate:
2.74%
Last Verified:
Oct 27, 2022

Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more. The subject property consists of 6,570-sf building situated on 6 983 sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one-bathroom units (1) two bedroom and two bathroom unit, and (1) three bedroom and two-bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Minutes from the 110, 210 and 134 freeways, and accessible to Downtown Los Angeles, a vibrant city center. Disclaimer: All information provided herein together with any projections or other data has been furnished from sources which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties are to conduct independent investigation and verification of all information including but not limited to condition of the property, compliance or lack of compliance with applicable governmental requirements, development potential or suitability, financial performance of the property, projected financial performance of the property, any party’s intended use or any and all other matters. *** Please don't disturb tenants ***. Drive by only! Property inspection and investigation as per acceptable/executed purchase agreement.

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Map of 943 Centennial Street, Los Angeles, CA, 90012

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.