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Apartments For Sale • 6,681 SF
| 9-units located minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market. |
| Offered at $1,750,000, or $194,444 per unit and $262 per SF, operating at a 10.00 GRM and 6.10% CAP on current rents. |
| Approximately 33% rental upside based on local renovated comparables, with projected stabilization at a 9.35% CAP and 7.35 GRM. |
| Pricing is positioned competitively relative to recent Larchmont and Hancock Park-adjacent multifamily sales on both a per-unit and per-foot basis. |
| Functional 2-story layout and unit mix of (1) 2+2 unit, (2) 2+1 units, and (6) 1+1 units that continue to perform well in the Mid-City rental market. |
| Professionally managed asset with a straightforward layout and proximity to Mid-City’s most active dining, retail, and entertainment corridors. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 10 min | - | 4.9 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)) | 12 min | - | 5.1 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 21 min | - | 11.0 mi |
| Los Angeles International | 27 min | - | 13.6 mi |
| Long Beach (Daugherty Field) | 38 min | - | 26.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 3 |
| Type: | Surface |
| Included in Rent: | Yes |
Kenny Stevens
Compass
Kenny Stevens
Compass
