Exclusive Listings

Highland Park- Non- Rent Control Apartments

Address:
117 S. Avenue 64
Los Angeles, CA 90042
Price:
$6,850,000
Status:
Sold
Type:
Apartment
# Units:
24
Year Built:
1989
Building Size:
13,674
Lot Size:
11,307
CAP Rate:
3.72
GRM:
17.08x
Price/Unit:
285,400
Price/SqFt:

Executive Summary

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. 



Highlights

• 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

• Dishwashers

• Adequately parked with 39 spaces

• HIGH Walk Score of 89 out of 100- many errands can be accomplished by foot

Marketing Files


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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