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1351 Armadale Avenue, Los Angeles, CA, 90042

1351 Armadale Avenue

$4,575,000

Key Information

Cap Rate
5.34%
Tot. SF
11,856
Lot Size
0.39 Acres
Units
16
Year Built
1958
Type
Apartments
NOI
$244,426

Highlights

• Meaningful Value-Add Opportunity: Current rents remain below market, providing investors with the opportunity to increase cash flow through strategic rent growth and asset management.
• Balanced 16-Unit Community: Well-balanced unit mix of eight 1-bedroom and eight 2-bedroom apartments appeals to a broad tenant base and supports long-term occupancy.
• Prime Los Angeles Location: Located in a dense infill Los Angeles neighborhood with convenient access to major employment centers, transportation corridors, retail amenities, and neighborhood services.
• Supply-Constrained Multifamily Market: Limited new apartment development, high replacement costs, and continued housing demand support long-term rent growth and asset appreciation.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245