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
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9BEDS
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0.21ACRES
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7BATHS
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01/2 BATHS
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4,620SQFT
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$260$/SQFT
School Ratings & Info
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
Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-24T17:43:05.84. 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.