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Apartments For Sale • 12,628 SF
| Well maintained 17-unit 12,628 SF building in prime Hancock Park/Larchmont Village area cash flowing at an amazing Current Cap Rate of 5.5%! |
| Cash flowing at a current Cap Rate of 5.6% and 12.5 GRM with potential to increase to 8% Cap Rate and 9.5 GRM on proforma |
| Majority of units have been recently renovated, making them move-in ready for tenants |
| Individually metered for Gas & Electricity with soft-story retrofit already completed. |
| Large 14,364 SF R3 TOC Tier 3 corner lot for future development potential. |
| Cap Rate: | 5.60 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 9 min | - | 4.9 mi |
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 10 min | - | 6.2 mi |
| Transit/Subway | Drive | Walk | Distance |
| Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 19 min | - | 11.1 mi |
| Los Angeles International | 24 min | - | 12.8 mi |
| Long Beach (Daugherty Field) | 36 min | - | 25.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 1 |
| Type: | Surface |
| Included in Rent: | Yes |
Armin Soleimani
Global Platinum Properties
Armin Soleimani
Global Platinum Properties
