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

8

Building size

8,700 sqft

Lot size

8,152 sqft

Year built

1980

Stories

2

Style

Contemporary

Heating

Electric

Pool

None

View

City Lights

Status

Active

Days on market

97

MLS #

244902690

About this property

Cara Co-Living is the finest property of its kind on the market today. A trophy asset on the Westside of LA in the Sawtelle area, Cara is a 32-suite professionally managed co-living property priced at a stabilized 6.26% cap rate with potential for upside. Immaculately maintained and designed with students and young professionals in mind, the property offers tenants a modern aesthetic with walkability and unrivaled in-suite amenities. Cara Co-Living is located 9 minutes by car to UCLA, a 15-minute walk to the future Metro D Line subway station at Wilshire in Brentwood (projected Fall, 2027), and is less than a 5-minute stroll to Sawtelle with its incredible array of dining, nightlife and entertainment options. Current ownership manages the asset with attention to every detail. Suites are appointed with murphy beds, custom built-ins including refrigerator/freezers, smart televisions, air conditioning and exquisitely designed private baths. Each of the eight units has a shared chef's kitchen and laundry machines serving four suites. Common areas include drought-tolerant landscaping, secure parking and a rear patio with grill, firepit, seating and a sunshade. Weekly cleaning is included, ensuring shared spaces are kept clean and attractive.

Location

1743 Butler Avenue

Los Angeles, Los Angeles, CA, 90025