Property Details
Year Built: 1954
Units: 12
Price / Unit: $137,500
Price / SqFt: $218.77
CAP: 4.30%
GRM: 13.02
Executive Summary
- Located in Los Angeles’ Westlake Neighborhood With Numerous Development Projects and Primed for Gentrification
- Significant Rental Upside – Over Thirty Percent (30%)
- True Value-Add Opportunity With Renovations of Individual Units and Common Area Upgrades
- Two Parcels – 8,287 Square Feet Total Lot – Zoned LAR4
- New Roof Installed Within Less Than One Year Ago
- On-Site Parking – Eight (8) Spaces – Currente
- Attractive Unit Mix of All One Bedroom Units
- Close proximity to Koreatown, Echo Park and Downtown Los Angeles
