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* Renovated 10-unit, 2-story apartment building in West Los Angeles with 15 parking spaces updated with brand-new plumbing, electrical and windows *In-place cap rate of 6.36%, with below market assumable financing at 3.35% fixed for the next two years, providing an investor with positive leverage and immediate cash-on-cash of 13.08% * Consistent unit mix of 10 one-bedroom floorplans, with one unit boasting its own private terrace * An astute buyer can capture additional upside by adding 2 ADUs in the existing parking lot * All units are equipped with newly refinished hardwood floors, large closets, wall HVAC, stainless steel appliances, updated bath and kitchens, and in-unit washers and dryers * Submarket occupancy averaged 96.6% over the past five years * Submarket asking rents expected to rise 21% over the next two years * The average household income within a three-mile radius is $164,324
Property Type(s):
Commercial
| Last Updated | 8/20/2025 | Year Built | 1961 |
|---|---|---|---|
| Community | C13 - Palms - Mar Vista | County | Los Angeles |
Additional Details
| AREA | C13 - Palms - Mar Vista |
|---|---|
| LOT | 7553 sq ft |
| STORIES | 2 |
Location
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Listed with Colliers International Greater Los Angeles, Inc.
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