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Apartments For Sale • 7,444 SF
| The Neema Group of Marcus & Millichap is pleased to present a seven-unit investment opportunity in Koreatown at 4651 Council St |
| The property features a unit mix of two onebedrooms and five two-bedrooms with 10 parking spaces; the soft story retrofit work has been completed |
| Ownership has completed full renovations of five units with upgrades |
| In addition to interior unit renovations, ownership has recently completed exterior and common area capital expenditures |
| Opportunity to acquire an asset with little to no deferred maintenance and strong in-place cash flow at a 5.16% CAP rate and 12.86 GRM |
| Cap Rate: | 5.16 % |
| Total Expenses: | $68,180 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 9 min | - | 5.0 mi |
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 6.3 mi |
| Transit/Subway | Drive | Walk | Distance |
| Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 19 min | - | 11.2 mi |
| Los Angeles International | 24 min | - | 12.6 mi |
| Long Beach (Daugherty Field) | 37 min | - | 25.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 10 |
| Type: | Surface |
| Included in Rent: | Yes |
Neema Ahadian
Marcus & Millichap
Neema Ahadian
Marcus & Millichap
