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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 6.41% and a very attractive pro-forma CAP rate of 10.72%, positive leverage may be available to qualified borrowers, making this an ideal investment for those looking to maximize returns.
You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property's suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.