CA > Los Angeles
Los Angeles, CA 90011,3438 McKinley Ave
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Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Los Angeles, CA 90011,3438 McKinley Ave
Véronique Gasseau
Véronique Gasseau

Agent | License ID: 01484379

+1(562) 254-2878

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$ 1,200,000

$ 1,395,000 14.0%

Est. payment /mo
Sold on 08/27/2025

3438 McKinley Ave Los Angeles, CA 90011

UPDATED:

Key Details

Sold Price $1,200,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25036159

Sold Date 08/27/25

HOA Y/N No

Year Built 1928

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5114016011

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559
Bought with Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.

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3438 McKinley Ave