5728 Morley Street
5728 Morley Street Los Angeles, California 90045 United States

$2,550,000
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5728 Morley St, Los Angeles, CA 90045. A multi-family apartment in the seaside submarket of Playa del Ray / Westchester; built in 1950 and located in the Santa Monica Bay and the Westside region of Los Angeles, between Manchester Ave and Century...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$2,550,000
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.17 Acres
Exterior
Residential Income
Property type
1950
Year Built
21774676
Web Id
21774676
MLS ID
Los Angeles Unified
School District
29
days ago

About 5728 Morley Street

5728 Morley St, Los Angeles, CA 90045. A multi-family apartment in the seaside submarket of Playa del Ray / Westchester; built in 1950 and located in the Santa Monica Bay and the Westside region of Los Angeles, between Manchester Ave and Century Blvd. 5728 Morley St features a single parcel in Westchester, just north of LAX. The current structure consists of a multifamily complex totaling 6,354 SF. 5728 Morley Street sits on a 7,591 SF lot and features a unit mix of 1 three-Bedroom, 3 two-bedrooms, and 4 one-bedroom units. This stabilized investment provides an investor the opportunity to acquire a well-maintained asset with strong in-place cash flow with a 5.08% CAP rate on current income and GRM of 12.81. The property includes eight parking spaces. The subject property is being offered at a price per square unit of $318,750 at a 5.08% CAP. The units feature modern designs with smooth ceilings, recessed lighting, hardwood floors and tiled kitchens and bathrooms. Units are equipped with air conditioning and ceiling fans in bedrooms (additional ceiling fan in dining room), and all units are individually metered for gas and electric. 5728 Morley sits in the heart of Silicon Beach, which is home to more than 500 tech companies like Snapchat, Tinder and many more. The area offers easy access to LAX and close proximity to the 405 & 105 Freeways which gives residents the ability to easily travel throughout Los Angeles.

Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active

PROPERTY INFORMATION

Parking Description
Covered

ADDITIONAL INFORMATION

Number of Units
8

5728 Morley Street, Los Angeles, California 90045 United States is a Residential Income for Sale for $2,550,000. Was built in 1950,  on a lot of .17 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. 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.