Description
7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. 2 Units will be delivered vacant. Monthly potential gross income over $15,000 and current CAP rate is 4.4%. Property has good upside with proforma CAP rate 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! Great unit mix consisting of four 1BD/1BA, two 2BD/1BA, and one 2BD/1.5BA. The property features charming architecture & strong curb appeal. Community amenities include on-site parking, on-site laundry X2, and over-sized storage lockers. Close to great restaurants, shops, parks, and places of worship. Nearby locations include Cedar Sinai Medical Center, Beverly Center, The Grove, Pacific Design Center, Sunset Strip and is close to the future extension of the Purple Line Metro.
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10BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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5,619SQFT
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$497$/SQFT
School Ratings & Info
Description
7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. 2 Units will be delivered vacant. Monthly potential gross income over $15,000 and current CAP rate is 4.4%. Property has good upside with proforma CAP rate 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! Great unit mix consisting of four 1BD/1BA, two 2BD/1BA, and one 2BD/1.5BA. The property features charming architecture & strong curb appeal. Community amenities include on-site parking, on-site laundry X2, and over-sized storage lockers. Close to great restaurants, shops, parks, and places of worship. Nearby locations include Cedar Sinai Medical Center, Beverly Center, The Grove, Pacific Design Center, Sunset Strip and is close to the future extension of the Purple Line Metro.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T06:43:36.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.