Cap Rate
4.89%
GRM
11.32
Price Per SF
$345
Price Per Unit
$212,000
Units
25
Gross SQFT
15,377
Year Built
1972
Leasable Area
15,377 SF
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- 25 Units, Timeless Construction: With a rich history dating back to 1972, this apartment complex boasts enduring structural integrity and charm.
- Diverse Unit Mix: Catering to various lifestyles, the property offers (5) inviting studio units, (18) one-bedroom, one-bathroom retreats, and (2) generously appointed two-bedroom, one-bathroom residences.
- LADBS Soft-Story Retrofit: Has been completed and building is in compliance.
- Secure On-Site Parking: There are 36 onsite secured parking spaces.
- Prime Proximity to Major Freeways: Nestled adjacent to the 405, 170, and 101 freeways, the property facilitates effortless commuting throughout the greater Los Angeles area.
- Convenient to Hollywood Burbank Airport: Frequent travelers will appreciate the property’s close proximity to Hollywood Burbank Airport, streamlining air travel logistics.
- Abundance of Local Amenities: Enriching the quality of life for residents, the surrounding area boasts a plethora of eateries, coffee shops, and entertainment options, ensuring a vibrant and dynamic community experience.
Broker of Record
- David Harrington
- License No. 02168060 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245