2033 Chariton Street, Los Angeles, CA 90034

About this property

Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.5% and 12.5 GRM with an incredible 93% upside to 12.4% Cap Rate and 6.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$4,400,000

Sold December 2023 · listed $4,650,000, on market October 2023 · MLS #23321893 · Source: CRMLS

Listing Agent: Benjamin Lewin · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Benjamin Lewin · Marcus & Millichap

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