Property Detail

Description

Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket. Townhouse-style, 2-story, 2 Bed/1.5Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each. All units have a dedicated, separate, large storage room, as well. On-site laundry facilities and a communal patio area in the rear. Intercom entry and electronically-accessed parking. All units have 2 parking spaces. Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover. Long-term, local ownership has not been aggressive, admittedly. Current rents are $2,100-$2,400 each - proforma rents of over $3,000 each could be within reach. 33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families.