Compare Listings

2923 Brighton Ave, Los Angeles, CA 90018

2923 Brighton Ave, Los Angeles, CA 90018
$1,100,000

Description

Beautiful, value-add property located at 2923 Brighton Ave. in Los Angeles. This well maintained 5-Unit asset has a great location being only mile from USC, and tons of upside available for the new owner.

Brighton has a great unit mix consisting of (1) 2-Bed/1-Bath Townhouse style unit, (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Offering immediate upside, one of the 1-Bed/1-Bath units will be delivered vacant, a perfect opportunity to implement market rents. Both the plumbing and electrical systems have been updated, as well as some of the units receiving recent interior upgrades. The property comes equipped with 5 parking garages that are conveniently located for tenants.

Being delivered at a 4.35% cap rate, this asset has tremendous value-add potential with a 8.05% market cap and 9.03 market GRM. This is the perfect opportunity for an owner/user buyer or an investor looking for a value add product in a high demand area.

Property Downloads

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on July 21, 2020 at 10:24 am

  • Price: $1,100,000
  • List Date: 7/21/2020
  • Property Size: 3,088 Sq Ft
  • Land Area: 7,100 Sq Ft
  • Year Built: 1922
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • NOI: $47,835
  • GRM: 13.78
  • CAP RATE: 4.35%
  • Price per Unit: $220,000
  • Market GRM: 9.03
  • Market CAP RATE: 8.05%

Contact info

Kelly Giery
Kelly Giery
(323) 763-9418(310) 245-4171
Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
Linkedin

Inquire about this property

Agent Properties