Property Detail

Description

Prime West Los Angeles 5-unit multifamily investment opportunity offered at $1,890,000. Located in the desirable 90025 submarket, this fully occupied property features an attractive unit mix consisting of one 1-bedroom/1-bathroom unit, three spacious 2-bedroom/2-bathroom units with private balconies, and a rare downstairs 3-bedroom/2.5-bathroom unit with access to a backyard patio. The property offers 9 on-site parking spaces and meaningful rental upside driven by long-term tenancy and below-market in-place rents. Current operations generate an approximately 4.4% cap rate, with pro forma operations supporting an approximately 6.5% cap rate and 9.6 GRM based on stated assumptions. The mandatory soft-story seismic retrofit has been completed and city-approved. Ideally located near Sawtelle Japantown, UCLA, Westwood, Century City, Santa Monica, and major Westside employment centers, with convenient access to the I-405 and I-10 freeways. Potential ADU and longer-term redevelopment opportunities may exist; Buyer to independently investigate and verify all development potential and governmental requirements. Property is fully occupied. Please do not disturb tenants. Offering Memorandum and additional property information available through the Listing Agent.