This brand-new multifamily property is a standout investment, offering a strong 6.66% cap rate and a market rent potential of $305,280 (adjusted for 4% vacancy). Delivered vacant and free from rent control, this asset provides maximum flexibility and profitability, making it ideal for savvy investors seeking high returns.
Located on 3rd Street, just off the 10 Freeway, the property is situated in one of Los Angeles’s most rapidly developing Opportunity Zones, offering potential tax advantages. With a total Gross Building Area (GBA) of 10,415 square feet, the property includes two duplexes with spacious 5-bedroom, 5-bath and 6-bedroom, 5-bath units, as well as two additional 2-bedroom, 1-bath ADUs in the rear. All units are separately metered and equipped with solar panels to minimize operating expenses, enhancing the property’s efficiency and appeal.
Set in a walkable neighborhood with increasing rental demand, this prime location offers easy access to Downtown LA, major transportation routes, and a variety of amenities. This exceptional investment opportunity is designed for strong cash flow, long-term appreciation, and sustainable profitability.
Contact us today for more information or to schedule a private viewing of this exceptional property.