Exclusive Listings

Carlota Apartments: 4U- Value Add, Cypress Park, All 2 Bedroom Units.

Address:
3619 Carlota Blvd
Los Angeles , CA 90031
Price:
$925,000
Status:
Available
Type:
Apartment
# Units:
4
Year Built:
1959
Building Size:
2,473
Lot Size:
4,481
CAP Rate:
3.43
GRM:
17.37x
Price/Unit:
$231,300
Price/SqFt:
$374

Property Highlights

  • NELA Value Add Opportunity
  • Attractive Price Per Unit
  • Great Unit Mix- All 2 Beds
  • Future Goldmine- with +/-71% Rental Upside
  • Adequate Parking with 4 Tandem Spaces
  • Boutique building, with potential for private yard space and minimal yard maintenance
  • Cypress Park location:  Hidden gem in an up and coming area with close proximity to DTLA and the bustling neighborhood of Highland Park
  • Close to Metro Gold line station


Executive Summary

Growth Investment Group is pleased to present For Sale an exceptional VALUE-ADD investment opportunity with an estimated upside of 71%. This cozy property consists of two duplexes situated on a uniquely shaped lot with minimal maintenance. Each unit features a 2bed/1bath, four tandem parking spaces, and garden space. This property is located in a highly desirable North East Los Angeles historic corridor of Cypress Park with easy access to the 110 freeway, Heritage Square Gold Line Metro station, shopping, local eateries, schools, Mt. Washington, and recreation. A savvy investor with a value add strategy will be able to take advantage of the steadily rising rental rates in the area with future renovations. This 4-unit property has the ability to lock in 30 year fixed debt, and up to a 75% LTV.

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
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