Property
Listing Agent: Jonathan Weir (DRE #02038545) · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Carlos Borraez · Keller Williams R. E. Services · MLS #24426670 · Source: CRMLS
We are pleased to present our newest exclusive listing in the trendy Highland Park neighborhood . The property is comprised of four units all 1bedroom/1bathroom units ( two which were built in 2008 and are loft style) . Those loft units are exempt from RSO rent control . The property boast a 91 Walkscore (Walkers Paradise) and is located only one block from Figueroa St, local bars, Starbucks, and more! The property is being offered at a 5.72% cap rate on entry rents and a 11.81 GRM. This investment is well suited for long term growth, upside in rents, and located in an extremely desirable Los Angeles neighborhood making it a perfect investment
Listing description from the September 2024 sale, as reported to CRMLS.