Property Detail

2716 La Brea

Los Angeles CA 90016

$2,800,000

Status: Active

Property Details

Description

*Beautifully renovated apartment community - 8 units *86 Walk Score "Very Walkable" Location: Walk to CENTO Pasta Bar, Chulita, and Baldwin Hills Public Library *Value-Add: Approximately $200/unit/month in proven rental upside; 5.5% Cap Rate; 5.9% Market Cap Rate *Prime Baldwin Hills Neighborhood provides easy access to Downtown Culver City and Downtown Los Angeles; Minutes to trendy neighborhood restaurants *Less than one-half mile to the Metro Expo "E" Line Expo/La Brea Station *Strong Demographics: Average household income over $144.8K and average housing value over $1.57 million (three-mile radius) *See Agent Remarks for website

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