Detailed Introduction Of This Home
Huge $250k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $263k/door and $353/SF. Amazing Current Cap Rate of 5% and 13.8 GRM with an incredible 79% upside to 10.2% Cap Rate and 7.7 GRM on Proforma. The property features 4 fully renovated vacancies with permits, including 1 (3 bed/2 bath) vacant unit plus three vacant brand-new attached ADUs. A large unit mix consisting of 3 (3 bed/2 bath), 1 (2 bed/2 bath), 5 (2 bed/1 bath), 8 (1 bed/1 bath), and 1 (studio/1 bath) units. Each unit is individually metered for gas & electricity. All vacancies have been completely renovated with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, bathrooms, stainless steel appliances, and significant exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area, just minutes from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.