Property Detail

Description

This is a rare stabilized investment opportunity in the heart of Pico-Robertson featuring 8 townhouse-style 2-bedroom, 2.5-bath units across 8,400 SF. The property offers strong in-place cash flow with a 5.78% CAP rate, low vacancy, and professional management in place. Six of eight units have been recently remodeled with modern finishes, while updated plumbing, electrical systems, and separately metered utilities help minimize operating expenses. Built in 1989, the property is not subject to Los Angeles soft-story seismic retrofit requirements, saving future owners from costly and disruptive construction projects. Additional highlights include ample covered parking in a gated garage and 12 private balconies providing desirable outdoor living space. Located near major employment hubs, the property benefits from strong tenant demand, long-term rent growth potential, and favorable rent regulations under AB1482.