Property Description

With 5 out of the 7 units currently available, 817 N Madison Ave, Los Angeles is the perfect value-add opportunity for any investor looking to turn units in this hot market! New buyer would be able to renovate the units immediately and collect top-of-the- market rents. Once the five available units are remodeled, 817 N Madison would operate at a 4.26% CAP and 15.04 GRM. 817 N Madison Ave consists of (5) 2Bed+1Bath and (2) 1Bed+1Bath units. The property is made up of two separate buildings, a 4-plex and tri-plex. The property sits on a 7,513 SF lot and has 5,224 SF of rentable space. The subject property is located in Virgil Village, a sub-market of East Hollywood. 817 N Madison is just minutes away from restaurants/cafes/bars and boutiques.