Los Angeles Class C Value-Add Multifamily For Sale
Class C in a C+ location
The owner is doing more (mandatory) retrofitting improvements at the moment, which will be highly beneficial for the new buyer as it costs anywhere between $100k- $150k.
This size multifamily is very hard to hit the market.
Very rare in LA market to find 4.46% current cap .
The area is among the highly densely populated area in LA, many jobs around, very easily accessible to major Freeways which adds a lot of value considering the crazy LA Traffic.
This a Low Rise Multifamily Property
There are 80+ Units
under 10 ... 0+1
30ish ... 1+1
15ish ... 2+1
mid 20s ... 2+2
under 10 ... 3+2.5
NOI based on last 12 months operating income and expenses: $770,000
Cap Rate: Current 4.46% at asking price
Located in a Major Los Angeles County area - among the highest densities for the city of LA.
Currently 100% occupied. Historic high occupancy for this property
Year Built / Refurbished 1964. Replaced the entire roof last year and installed solar panels early this year.
Value-add available by upgrading the class of the building and getting higher rents after that.
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