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Los Angeles, CA 90008
LISTING CRE
4418
W. PICO BOULEVARD
VICTORIA PARK/MID-CITY
4.66% In-place Cap Rate with 30% Upside in Rents
Property
The Asset
Units
Year Built
Gross SF
Lot SF
Zoning
Summary
16
1927
11,088
6,290
LAC4
SNAPSHOT
16 Units
Prime Location
$232 Price
Per Door
Value Add with 30% Upside
Overview
16 Units in Victoria Park/Mid-City
Separate meters for gas & electric keep expenses low
Create (2) ADU's for additional income (Check with city)
$232k Price
per Door
10 of the 16 Units were turned over and rehabbed to high quality
3 Blocks from Mid-town Crossing Center
Value-Add play with 30% upside in Rents
Rehabbed units have updated kitchens and bathrooms, new floors and fixtures
Brick facade was seismically retro-fitted with Truss rods and Anchor plates
form
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