Property Detail

Description

Roque & Mark Co. is pleased to present this rare, pride-of-ownership investment opportunity in the highly coveted Windsor Village / Mid-Wilshire submarket. Nestled on a quiet, tree-lined street just minutes from Hancock Park, Larchmont Village, and Koreatown, this pristine 10-unit apartment building is the ultimate turnkey asset for a passive investor or 1031-exchange buyer looking for immediate, stable cash flow. Competitively priced at only 10.4 GRM and a 5.7% CAP rate at current rents. The property features an exceptional, high-demand unit mix with modernized interiors and updated infrastructure. There are (5) 2 beds + 2 baths, (2) 2 beds + 1.5 baths, and (3) 1 bed + 1 bath units. There are currently no vacancies. In a high-density neighborhood where parking is an absolute premium, this building boasts an incredible competitive advantage: a secure, gated community garage providing 10 dedicated spaces - one for every unit. Situated in a Walker's Paradise just south of Wilshire Boulevard, residents enjoy unparalleled proximity to major employment hubs in DTLA, Beverly Hills, and Miracle Mile. Positioned on an expansive LAR3-zoned lot, this low-maintenance property offers defensive stability and low long-term operating costs. Soft story retrofit has been completed. Subject Los Angeles RSO.