Property Details

Year Built: 1922-1956
Units: 20
Price / Unit: $163,750
Price / SqFt: $280
CAP: 3.27%
GRM: 15.95

Executive Summary

The Neema Group of Marcus & Millichap was pleased to present a five property, true value-add investment opportunity located throughout Los Angeles totaling 24 units; the properties are located among the South Park and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 22 one-bedrooms and two two-bedrooms; the majority of the units are currently at below market rents offering an investor a true value-add opportunity and the chance to increase cash flow dramatically through renovations.

With current rents below market and the subject properties being just 4-6 units, unit turnover and the achievement of market rents over time will dramatically increase the income and value of each property on an individual basis. Each subject property is located within densely populated submarkets of Los Angeles with rising rents year-over-year; with a plethora of transportation options available as well as the close proximity to major freeways such as the 10 & 110, each property offers tenants a manageable commute to Downtown Los Angeles.

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