Property Description

1350 W 4th St. , Los Angeles is a 25- unit asset located in the heart of Westlake. Offered at only $184k/door, this value-add opportunity has nearly 25% upside available in market rents. (3) studio units will be delivered tenant-ready, offering immediate upside. The property is currently operating at a 4.38% CAP and 13.35 GRM. 1350 W 4th St has a unit mix of (12) 1-Bd/1-Ba, (12) studio, & (1) 2- Bd/1-Ba units with 15,954 Sq. Ft of rentable space. These units feature hardwood and tile flooring, as well as new paint and in-wall A/C units. There is also a shared laundry room on site. The property is master-metered. There is still plenty of room to grow the monthly rental income, with a 6.68% Market CAP! The subject property is only minutes from millions of dollars worth of developments including L. A. Live, the Red Line Station, and the Westlake Theatre. This huge value-add property is an ideal pickup for any investor looking for great upside in monthly rental income!