Property Detail

Description

7-Unit Apartment on a Large 9,066-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 6.76% Current Cap Rate & 9.78 Current GRM | 9.74% Pro-Forma Cap Rate & 7.52 Pro-Forma GRM | Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Six) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | Tremendous Value-Add Opportunity - Approximately 30% in Rental Upside | Offered at $171,429 Per Unit & $260 Per SF | Total of 7 Parking Spaces