Property Details
Year Built: 1963
Units: 9
Price / Unit: $243,889
Price / SqFt: $306.56
CAP: 2.86%
GRM: 17.23
Executive Summary
- True Value-Add Opportunity With Significant Rental Upside; 50% Loss to Lease
- Strong Unit Mix of Mostly Two-Bedrooms With a Large Layout
- Low Price per Square Foot at $254/SF: Currently Second Lowest on Market
- Centrally Located in Los Angeles East Hollywood
- Nine On-Site Parking Spaces Including Five Garages and Four Tuck Under Spaces
- Neighborhood is an Emerging Market Experiencing Rapid Gentrification
