Description
Situated in a highly sought-after neighborhood, this 11 unit property has 7 freshly remodeled units ready for occupancy which offers tremendous cashflow at a 9.7 CAP rate with upside potential for investors. The building consists of a mix of spacious studios, one- and two-bedroom units, all with updated features, including modern appliances, hardwood floors, and ample natural light. All two-bedroom conversions were completed with permits, and additional permits are on hand to convert the remaining one-bedroom units into two-bedroom layouts"offering significant upside potential.Ample parking on site. Laundry room on site as well.The building features two newly constructed ADUs, both of which will be delivered with Certificates of Occupancy at the close of escrow. Investors have the flexibility to lease at market rents immediately or customize tenant selection.With easy access to major freeways, public transit, and some of Los Angeles' best dining, entertainment, and shopping, this building is perfectly positioned to attract high-quality tenants. The property offers great potential for increased rental income with strategic upgrades and renovations, making it an ideal addition to any real estate portfolio. Dont miss out on this incredible investment"contact us today for more details or to schedule a private tour!
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Situated in a highly sought-after neighborhood, this 11 unit property has 7 freshly remodeled units ready for occupancy which offers tremendous cashflow at a 9.7 CAP rate with upside potential for investors. The building consists of a mix of spacious studios, one- and two-bedroom units, all with updated features, including modern appliances, hardwood floors, and ample natural light. All two-bedroom conversions were completed with permits, and additional permits are on hand to convert the remaining one-bedroom units into two-bedroom layouts"offering significant upside potential.Ample parking on site. Laundry room on site as well.The building features two newly constructed ADUs, both of which will be delivered with Certificates of Occupancy at the close of escrow. Investors have the flexibility to lease at market rents immediately or customize tenant selection.With easy access to major freeways, public transit, and some of Los Angeles' best dining, entertainment, and shopping, this building is perfectly positioned to attract high-quality tenants. The property offers great potential for increased rental income with strategic upgrades and renovations, making it an ideal addition to any real estate portfolio. Dont miss out on this incredible investment"contact us today for more details or to schedule a private tour!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T21:29:32.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.