Property Description

Sean Nami is proud to present his new exclusive listing, 427 South Alvarado Street, a 16-unit apartment community in the Westlake sub-market. The property gives new ownership a unique and strong investment opportunity that will yield a high return when taking over the building, but also features over 60% upside in rents. The offering also features an impressive unit mix with 15 out of the 16 units being large one-bedroom apartments. The property is priced attractively at a low $172 per square foot and $118,438 per unit, while presenting a rare chance to acquire the property with north of a 6% CAP rate and an 8.4 GRM at the asking price. Centrally located near entertainment districts and within walking distance of the Westlake/MacArthur Park Metro Rail Line, this property offers unmatched convenience and accessibility for tenants and residents. With a terrific 94 Walk Score, the building is designated as a “Walker’s Paradise,” surrounded by a diverse array of retail and dining options, making it a highly convenient location for tenants. This high cash-flow investment is perfectly positioned in a thriving urban area, providing long-term growth potential for any investor.