CBRE is excited to present a unique investment opportunity to acquire a 10-unit value-add multifamily investment in Los Angeles.
INVESTMENT OPPORTUNITY:
This property stands out with its THREE VACANT UNITS, presenting an exceptional chance for investors to acquire a value-add asset at an excellent cost basis. The vacancies include:
One (1) rent-ready one-bedroom unit: Ready for immediate leasing at current market rates.
Two (2) two-bedroom units: Vacant and in need of renovation, offering the perfect opportunity for investors to customize interiors to their liking and attract tenants of their choosing.
Additionally, there is still 44% RENTAL UPSIDE available to a new owner as tenants turnover, even with the three vacancies leased at market rents. With a strong scheduled CAP rate of 6.13% and a very attractive pro-forma CAP rate of 10.29%, positive leverage may be available to qualified borrowers, making this an ideal investment for those looking to maximize returns.