Detailed Introduction Of This Home
*Charming seven-unit community in coveted Pico/Fairfax *Renovated exterior; seismic reinforcement work complete *Front house-like unit with kosher kitchen, "smart" mirrors, frosted glass interior doors, and in-unit washer and dryer *Three out of seven units renovated with quartz countertops, double sink with goose-neck faucets, stainless steel appliances, shaker cabinets, and vinyl plank flooring *Tremendous Value-Add Opportunity: Over $1,000/unit/month in rental upside; in-place rents average $1,732/unit/month and $1.97 per square foot *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. The Portfolio offers tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Nine of the eleven properties have attractive fixed rate assumable financing with an average interest rate of 3.72% is available (see Loan Summary in OMs for individual property details). *See Property website for OMs, rent rolls and other information for ALL Properties.