Description

The subject property is located in the very desirable Palms neighborhood of West Los Angeles. 1973 construction with a good unit mix - 2 x 2 bedrooms, 2 bath and 6 x 1 bedroom, 1 bath apartments. This building is situated on a large 7964 Sq. Ft of area lot, R-3 Zone, Property features include a large parcel of land, mature landscaping, on site laundry facilities, separate gas / electrical meters and gated parking for 10 vehicles. This property is close to shopping, dining, school, and entertainment hot spots in Venice and Culver City. This offering provides a great opportunity for an investor to be in a prime Palms location with potential to raise rents and increase value.

Highlights

• 8 Units
• Price Per Unit $337,375
• Cap Rate 4.47%
• GRM 16.54
• NOI $120,625
• LAR3 Zone