4418

W. PICO BOULEVARD

VICTORIA PARK/MID-CITY

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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

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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

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KEITH MORET

VP BROKER ASSOCIATE

C: 310.617.2240

kemo0325@yahoo.com

DRE 01802527

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NICK ENSBURY

INVESTMENT ASSOCIATE

C: 310.503.7574

Nick@theensburygroup.com

DRE 02012167

 
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