Property Details

Year Built: 1922-1954
Units: 42
Price / Unit: $141,905
Price / SqFt: $258
CAP: 3.39%
GRM: 14.04

Executive Summary

The Neema Group of Marcus & Millichap is pleased to present a six property, true value-add investment opportunity located throughout Los Angeles totaling 42 units; the properties are located among the Koreatown, South Park, and South Los Angeles neighborhoods. The subject properties present an impressive unit mix throughout consisting of 19 singles, 21 onebedrooms 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.

The portfolio is being offered at a low price per unit of $141,905 blended; significant loss-to-lease of over 42%.With current rents below market and the majority of 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.

Interested In This Property?

Fill out the form below to learn more.

  • This field is for validation purposes and should be left unchanged.