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
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