Apartments For Sale
10,316 Sq Ft
The Armor Collection is a once-in-a generation investment opportunity in Los Angeles’ Westlake neighborhood. The portfolio features 10 buildings totaling 300 units; all properties are within 2 miles of each other.The properties present an impressive unit mix throughout, consisting of mostly studios and one-bedroom units. Most of the units are currently below market rent, offering an investor a true value-add opportunity and the ability to increase cash flow through renovations. The portfolio is being offered at a low price per unit of $158,500 blended, with current loss-to-lease of over 24% as units turn.
* Subject property is part of a 10-property portfolio totaling 300 units. This offering can be purchased individually or collectively