Closed $2,040,850 - Multifamily
This Mid Century Modern 8 unit apartment building is located in the burgeoning Central Los Angeles neighborhood of North Westlake, adjacent to Silver Lake, Echo Park, Downtown LA, Pico-Union and Koreatown. Apartment demand remains high as Downtown LA continues its renaissance.
Built in 1966, the unit mix includes four 1 bedrooms, three 2 bedrooms and one 4 bedroom originally intended as an “owners” unit. 4 of the 8 units have undergone remodeling, leaving opportunity and upside to be realized. Top floor units have subtle views of the City and/or Hollywood Hills. The building offers 9 parking spaces and has a central coin operated laundry room.
This is a rare opportunity to own a well performing and well maintained multifamily asset, in the hot Downtown LA area.
Download the Marketing Package for more information and financials.
- Address: 233 N. Park View, Los Angeles 90026
- Gross Rent Mulitplier: 13.40
- Cap Rate: 4.61
- Year Built: 1966
- Submarket: Westlake
- Unit Count: 8