Apartments For Sale • 12,460 SF
| 2017 Construction — RSO & AB 1482 Exempt - Built in 2017, the property is exempt from the Los Angeles Rent Stabilization Ordinance and California's AB |
| High-End Construction - Four-story, elevator-served building with cantilevered floor plates, floor-to-ceiling glass, and a sculptural contemporary des |
| Unit Mix - 11 units totaling approximately 12,460 SF — four (4) 1+1s, six (6) 2+2.5s, and one (1) 2+1 affordable unit. Three penthouses |
| Embedded Rent Upside - In-place rents of $580,324 grow to $629,604 at market — an 8.5% increase — supported by Westside comparables averaging $3,877/m |
| Strong Going-In Yield - 5.3% Cap - and 13.4 GRM |
| Opportunity to increase rents immediately in most units with proper notice |
| Cap Rate: | 5.30 % |
| Total Expenses: | $152,320 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| PPM - The Caswell |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles International | 13 min | - | 6.3 mi |
| Bob Hope | 34 min | - | 22.6 mi |
| Long Beach (Daugherty Field) | 34 min | - | 24.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 11 |
| Type: | Covered |
| Included in Rent: | Yes |