Kelly Giery and Cameron Samimi of Lyon Stahl are pleased to present 1433 S New Hampshire Ave, a 6 unit value-add building in the Pico-Union area of Los Angeles.
This property is listed at $1,200,000.
This property has a fantastic unit mix consisting of (1) 3-Bed/2-Bath unit, (1) 2-Bed/1-Bath unit, and (4) 1-Bed/1-Bath units.
The property has 6 parking garages that are conveniently located for tenants.
The mandatory retrofit has been completed on the garages.
The property is being delivered at a 4.19% Cap and a 13.89 GRM on current rents with upside potential of a Market 8.46% Cap and 8.62 GRM.
This property is surrounded by new development and is the perfect asset for a value-add investor.
More on this Property:
For More Information, Contact:
Kelly Giery: [email protected]
Cameron Samimi: [email protected]