Investment highlight
- Iconic and highly desirable neighborhood
- Incredibly rich cap rate to start with rental growth upside
executive summary
High cap rate, turn key opportunity. This 8-unit apartment building is conveniently located in one of Los Angeles’ hottest neighborhoods. The building was completely renovated inside and out, showcasing the finest in quality, detail, and design. The property comes with a secured gated entry, brand new central air conditioning, in-unit laundry, all new flooring, quartz countertops, stainless steel appliances, new fixtures and scenic views. Seller also upgraded all mechanical, plumbing and electrical systems. Property also equipped with a new roof and EV charger station.
Located near all the best Frogtown has to offer, the property is just steps away from the LA River, Wax Paper, La Colombe, Salazar, Spoke Bicycle Cafe, and the Frogtown Brewery. Just minutes from Silver Lake, Echo Park, Downtown LA and Griffith Park.
property facts
| Price | $4,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $575,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.11% | Building Size | 6,728 SF |
| Gross Rent Multiplier | 14.35 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.38/1,000 SF |
amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Vinyl Flooring
- Window Cover
site amenities
- Controlled Access
- Laundry Facilities
- Gated
- Car Charging Station
