Detailed Introduction Of This Home
Proudly presenting 4062 West Blvd, a strong income producing 16 unit building in the heart of Baldwin Village. Unheard of cap rate of 7.5 when vacancies are filled at market rents. With the the 7% increase allowed by Los Angeles Housing Department staring Feb 2024, there are plenty of opportunities to drastically increase income in the near future. Units are separately metered for gas and electricity. There are 8 2-car garages, 2 of which are owner occupied and can be delivered vacant. This could be an appealing opportunity to potentially build ADUs for additional income. Less than half a mile from newer Kaiser hospital and neighboring multiple new construction and mixed-use development projects. Close proximity to Baldwin Hills-Crenshaw mall and the new Expo line.