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3443 West Blvd, Los Angeles, CA 90016

3443 West Blvd, Los Angeles, CA 90016
$2,250,000

Description

Beautifully Remodeled, 10-Unit asset located in West Adams, 3443 West Blvd. is the perfect investment for any new owner looking to own a stabilized and income-producing property. Seven of the ten units in the West Blvd. apartments have undergone renovation in 2019/2020, offering an investment with minimal work to be done with still 22% upside. West Blvd. is comprised of (8) 1-Bed/1-Bath & (2) Studio units, with a majority operating close to the top of the market rents. For the remodeled units, those include all new flooring, new paint, new fixtures, new countertops, and new appliances. New hot water heaters were also installed in each. The electrical system in the garage has been upgraded as the current owners have inputted new laundry machines. The plumbing has been upgraded to Copper throughout a majority of the property. Exterior upgrades to the property include building out the front yards, stucco repair, paint, and new garage doors. There is still upside in rental income with a market 10.65 GRM and 6.93% Cap. This is a great opportunity to own low maintenance, high cash flow property in one of Los Angeles’s booming markets.

Property Downloads

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

Detail

Updated on August 12, 2020 at 7:51 am

  • Price: $2,250,000
  • List Date: 8/5/20
  • Property Size: 4,765 Sq Ft
  • Land Area: 9,397 Sq Ft
  • Year Built: 1930
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 10
  • Price per Unit: $235,000

Contact info

Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
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