Property Detail

Description

9-Unit Apartment on a Large 9,999-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 11.85% Pro-Forma Cap Rate & 6.20 Pro-Forma GRM | 6.00% Current Cap Rate & 9.92 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 | Offered at $147,222 Per Unit & $226 Per SF