100% Renovated 12-unit apartment building cash flowing at an amazing current 6% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.2% Cap Rate, 8.3 GRM, and 228k/unit after taking into account all construction costs (~660k assuming $200/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units including 4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs. Turnkey opportunity where every single unit was vacated, completely renovated, and leased at market rent with additional upside by building 8 detached ADUs in the back parking lot. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs.The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more.
Property Type(s):
Commercial
|
Last Updated
|
8/1/2025
|
Year Built
|
1946
|
|
County
|
Los Angeles
|
Additional Details
| GARAGE |
Other, Uncovered Parking Space |
| HEAT |
Wall Furnace |
| LOT |
9148 sq ft |
| PARKING |
Other, Uncovered Parking Space |
| ZONING |
LBCN |
Listing provided by Armin Soleimani | 310-666-2246Global Platinum Properties, Inc.
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Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 8/2/25 1:58 AM PDT.
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