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Apartments For Sale • 13,716 SF
| Located just south of Santa Monica Blvd, the property is 1 mile from Hollywood/Western Metro and close to several large-scale production studios |
| Offered at 6.75% CAP and 8.63 GRM on current rents, $162,500 per unit, and $284 per foot. |
| 13,716 SF 3-story complex features (24) 1-bdrm. units on a 5,445 SF lot. Please note, there is a VACANT unit. |
| 52% rental upside compared to renovated units in the area - property will stabilize at a 12.53% CAP and 5.68 GRM at projected market rents |
| Can be purchased individually or as part of a 5-property portfolio in Melrose Hill and Westlake. Please contact Max Berger for more information. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 12 min | - | 4.9 mi |
| 9 min | - | 5.2 mi | |
| Airport | Drive | Walk | Distance |
| Bob Hope | 18 min | - | 10.3 mi |
| Los Angeles International | 26 min | - | 13.9 mi |
| Long Beach (Daugherty Field) | 38 min | - | 27.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
