The Growth Investment Group and Sperry Van Ness are proud to present a rare 24 unit Value-Add opportunity in one of the most booming neighborhoods in Los Angeles… Highland Park! Boasting over 40% rental upside, with NonRent Control status, and several units ready for immediate rehab, this deal a true winner for a savvy investor looking for an asset with readily obtainable potential in a rapidly improving location. This asset is comprised of Two -12 unit buildings. Each contains Four -2 bedroom units, and Eight- 1 bedroom units. The property was maintained by the original builder, and has not undergone many of the renovations/ improvements that Highland Park renters have begun to demand.
• The properties improvements help support realistic upside potential
• Great Unit Mix: Eight 2bed/ 1bath & Sixteen 1bed/ 1 bath
• Secured parking and entry with Individual meters for gas/ electricity
• Individual Water Heaters
• Central HVAC
• Adequately parked with 39 spaces
• HIGH Walk Score of 89 out of 100- many errands can be accomplished by foot