This 13-unit multifamily apartment offers an outstandinginvestment opportunity with strong cash flow and rental upside potential of approximately 15% +/-. Priced very competitively at a 6.82% Cap Rate and 9.92 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. Nearly all the units have had significant amounts of upgrades, and the property is comprised of three separate structures on a large 18,000 sf lot with parking for 16 cars (mix of garage, covered, and uncovered)! There is also possibly ADU potential (Buyer to verify). The property features a unit mix of (3) two bedroom units, (9) one bedroom units, and (1) studio; All of which are individually metered for gas and electricity. The area has traditionally been a strong rental market, and units are in high demand.
Days on market: 8
Listing updated: June 19, 2025 - 12:02:06
Listed by: Joshua Cohen DRE #01346713 310-375-3511, Keller Williams Realty - Out of Area Board
Source: Out of Area Board, MLS#: CLW-X74376 Originating MLS: CRMLS
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