PROPERTY HIGHLIGHTS

INVESTMENT HIGHLIGHTS

• Located in the Harvard Heights/Pico Union Subdivision
• (4) Units Built in 1914 & (2) NC Units Built in 2001
• Unit Mix Consists of:
  • (3) 2-Bed/1-Bath Units, (2) NC 2-Bed/1-Bath Unit & (1) 1-Bed/1-Bath Unit
• Copper Plumbing Throughout, New Front Gate for Private Entry
• Concrete/Brick Entryway Installed for Minimal Landscaping Maintenance
• One Unit to be Delivered Vacant
• Onsite Coin-Operated Laundry Facility
• Attractive 6.15% Cap Rate & 11.43 GRM on Current Rents With Huge Upside!

Kristopher German & Deepen Shah of The Apartment Dealer are pleased to present this 4+2 non-conforming unit investment property located 3 miles west of Staples Center and Downtown Los Angeles. The property consists of (3) 2 Bed/1 Bath units, (2) non-conforming 2 Bed/1 Bath Units & (1) 1 Bed/1 Bath Unit. The property comprises two structures, a two-story building built in 1914 (permitted), and a single-story building built in 2001. Permits can not be found for the building built in 2001. The city has completed their yearly inspections on the property and no current violations exist. Buyer and Buyer’s Agent to complete their own investigations. Tenants enjoy a gated and private entryway, as well as an onsite coin-operated laundry facility which provides extra income for the owner. A multitude of capital improvements have been completed such as copper plumbing throughout, renovated interiors, hardscape, and a new gated entry. This is a true value-add deal for a savvy investor. With its proximity to entertainment, a densely populated job market, and a plethora of landmarks, this property offers potential for growth in the short, and long term.