- Photos
- 1 of 7
Apartments For Sale • 5,560 SF
| Well-located 6-unit apartment building in Melrose Hill, just north of Beverly Blvd. and 0.8 miles from the Melrose Ave. and Western Ave. corridor. |
| Priced at $229,167 per unit and $247 per SF, offering a competitive basis relative to recent Melrose Hill and Larchmont-adjacent sales. |
| Strong in-place income with a 6.78% CAP and 8.92 GRM on current rents. |
| Approximately 14% rental upside with projected stabilization at an 8.51% CAP and 7.70 GRM. |
| Desirable unit mix of (2) 3+2 units and (4) 2+1 units, catering to Mid-City demand for larger floor plans. |
| Central Mid-City location within 1.5 miles of Larchmont Village, Paramount Studios, Koreatown, and the 6th St. corridor. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 8 min | - | 4.4 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)) | 11 min | - | 4.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 14 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 20 min | - | 11.0 mi |
| Los Angeles International | 28 min | - | 14.6 mi |
| Long Beach (Daugherty Field) | 37 min | - | 26.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 8 |
| Type: | SurfaceTandem |
| Included in Rent: | Yes |
Kenny Stevens
Compass
Kenny Stevens
Compass
