Los Angeles (City), CA 90049
CAP RATE AND GRM ASSUME THAT CURRENTLY VACANT UNITS 2 AND 3 WILL BE LEASED BY CURRENT MANAGEMENT COMPANY AT PROJECTED RENTS IN RENT ROLL.Unit mix consists of seven (7) large 1bed+1bath and two (2) 2bed+2bath units. The property is a two-story 8,284 square foot building built in 1967 on a 7,500 square foot lot.All of the units have very large floor plans that provide an investor the opportunity to complete their own renovation plan and significantly increase rents. The two-bedroom units have been upgraded with hardwood floors in the living room and feature floor-to-ceiling stone fireplaces and large balconies. Most of the kitchens are updated.The one-bedroom units feature large balconies or private patios and some feature hardwood floors. Most of the units feature a wet bar in the living rooms.Parking is provided on-site with eleven (11) spaces comprised of seven (7) single spaces and two (2) tandem spaces.Roof was replaced in 2009 and plumbing was upgraded to copper in 2010.
Josh Kaplan with Transwestern Property Company West, Inc.
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