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

Type

Apartment

Bedrooms

4

Building size

3,168 sqft

Lot size

4,214 sqft

Year built

1913

Stories

2

Garage spaces

0

Pool

None

Status

ComingSoon

Days on market

0

MLS #

248987970

About this property

DELIVERED WITH ONE UNIT VACANT AT CLOSE OF ESCROW. Just under $5,850 monthly rental income. This 4-unit value-add asset is located within walking distance to USC and just minutes from the 10 Freeway, offering investors a strong rental location with long-term upside. The property is currently operating at a 6.10% cap rate and 11.40 GRM, with approximately 52% upside in rents. With one unit delivered vacant, a new owner has the opportunity to immediately renovate, lease at market, and begin capturing upside from day one. With a motivated seller, strong location fundamentals, and clear rental upside, this building is ready for a new owner to step in and take advantage of the long-term value-add opportunity.

Location

1/2 W 22nd

Los Angeles, Los Angeles, CA, 90007