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Portfolio For Sale • 175,971 SF
| 7.67% going-in cap on the buyer's reassessed tax basis - $6,133,315 NOI at $79,975,000 |
| 93% of dwelling units already at or below the 60% AMI rent cap - unrestricted today |
| 55.1% of documented households at or below 40% AMI, from income documentation |
| $33.7 million of capital invested, $61,250 per unit, in long-lived building systems |
| 20 properties, 551 units, 15 Los Angeles submarkets on one management platform |
| $145,145 per unit and $481 per gross square foot; 8.33 GRM; 90.0% occupancy |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 7 min | - | 2.9 mi | |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.1 mi |
| Transit/Subway | Drive | Walk | Distance |
| Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 10 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 24 min | - | 13.4 mi |
| Los Angeles International | 27 min | - | 14.6 mi |
| Long Beach (Daugherty Field) | 34 min | - | 23.7 mi |
Logan Altman
Altman Apartments LLC
Logan Altman
Altman Apartments LLC
