Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

66

Building size

24,795 sqft

Lot size

6,829 sqft

Year built

1927

Stories

4

Heating

Heat Pump

Cooling

Wall/Window Unit(s),Heat Pump

View

City Lights

Status

Active

Days on market

643

MLS #

221037471

About this property

Huge Price Reduction . Only $135k per unit for fully renovated , gorgeous architecturally prominent 4 story building in the area referred to as "Rampart Village" that is quickly becoming the new Echo Park and Silverlake and minutes from Downtown LA. This property has undergone major renovations including new roof, new copper plumbing, new waste lines, updated electrical system, restored lobby and all common areas, updated windows, and thoughtfully renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright with high ceilings and city views. Incredible lobby that welcomes the tenants . The units rent like hotcakes. This is the perfect "CASH FLOW" deal as all the heavy lifting is done. On site and off site management makes this an easy asset to handle. 65 units plus one large ground floor retail/ office/ live work space.

Location

2731 Beverly Boulevard

Los Angeles, Los Angeles, CA, 90057