4037 W 28TH ST Los Angeles, CA 90018

Contact broker for marketing package. Bread and butter 12-unit apartment building located in the up and coming area of Los Angeles known as West Adams. Property is located in an opportunity zone which has potential tax advantages. Ownership recently spent close to $300,000 in capital improvements which included the renovation of 6 out of the 12 units to luxurious standards. These units received new plumbing, electrical, windows, kitchen cabinets with quartz counter tops, laminate and tile flooring, stainless steel appliances, renovated bathrooms and new fixtures with designer finishes. Property also received new exterior paint, water saving landscaping, and exterior LED lighting fixtures. Property is separately metered for gas, electricity and on-site laundry room (Seller owns the machines). Priced at under $223,000/unit, $300/S.F., 4.3% CAP and 14.34 x current low rents. Value add opportunity with significant 43% upside in rents. Priced at 10 GRM and 7.1% CAP at market rents