2314 W Pico Blvd - Apartments FOR SALE
Los Angeles, CA 90006 |
2314 W Pico Blvd
Los Angeles, CA 90006
HIGHLIGHTS
- Excellent rental upside of about ±64% and over ±9% Proforma CAP Rate and ±8.15x Proforma GRM; Can be delivered with 2 Vacancies for immediate turnover
- STRONG Central Location! Perfectly adjacent to Downtown Los Angeles, Harvard Heights, Mid-City, MacArthur Park, University Park and Koreatown.
- Nearby major employers: Good Samaritan Hospital, The Ritz Carlton, University of Southern California, Fashion Institiute of Design & Merchandise
- Walk Score of 91 (Walkers Paradise); Efficient Unit Mix (16) large studios of about ±500 SQFT each.
- Recent major capital improvements: eartquake retrofitted, new mini split A/C systems for each unit, full electrical upgrade (service + main panel)
- Functional two-story layout with spacious and functional unit layout
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
16-unit Value Add with over 9% Proforma CAP
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9408
STORIES
2
YEAR BUILT
1922
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5056-004-004
