Property Detail

Description

9-Unit Apartment on a Large 9,999-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 11.06% Pro-Forma Cap Rate & 6.67 Pro-Forma GRM | 5.86% Current Cap Rate & 10.38 Current GRM | Unit Mix of (One) 4-Bedroom/2-Bathroom House, (Four) 2-Bedroom/1-Bathroom Units & (Four) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 22 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 56% in Rental Upside | Located 5 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) & Approximately 5.5 Miles from Downtown Los Angeles & USC | One Unit Delivered Vacant | Offered at $158,333 Per Unit & $243 Per SF