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Apartments For Sale • 12,628 SF
| Well-maintained 17-unit building in the prime Hancock Park/Larchmont Village area, with a current Cap Rate of 5.3% and potential to reach 7.5% |
| Approved RTI plans to add 4 detached ADUs, boosting the Cap Rate to 7% (current) and 9.2% (proforma), with an estimated construction cost of $340k |
| Diverse unit mix including 6 (2 bed/2 bath), 2 (2 bed/1 bath), and 9 (1 bed/1 bath) units, featuring some renovations with high-end finishes |
| Select units are fully renovated with modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior upgrades |
| Amenities include a renovated pool and courtyard, on-site laundry, secure entry, and parking. All units are individually metered |
| Cap Rate: | 5.30 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 9 min | - | 4.9 mi |
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 10 min | - | 6.2 mi |
| Transit/Subway | Drive | Walk | Distance |
| Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 19 min | - | 11.1 mi |
| Los Angeles International | 24 min | - | 12.8 mi |
| Long Beach (Daugherty Field) | 36 min | - | 25.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 1 |
| Type: | Surface |
| Included in Rent: | Yes |
Armin Soleimani
Global Platinum Properties
Armin Soleimani
Global Platinum Properties
