Eight Multifamily Investment In Los Angeles For Sale

Description

Section 8 backed multifamily investment opportunity located in Los Angeles, California, within the Los Angeles Long Beach Anaheim metropolitan area, the second largest MSA in the United States with a population of approximately 12.9 million. Offered at 950,000, the property delivers an in place cap rate of approximately 5.38 percent with upside potential exceeding 9 percent at stabilized occupancy.The asset consists of a two story apartment building totaling approximately 3,698 net rentable square feet across four residential units. Current physical occupancy is approximately 75 percent, providing immediate value add potential through lease up and improved operations. Stable Section 8 income provides downside protection while allowing for rental growth over time.Originally built in 1955 and renovated in 1965, the property sits on approximately 0.16 acres and benefits from LAR3 zoning. Tenant paid utilities for gas and electric enhance the operating profile. On site tenant parking is included.The property is strategically positioned near major transportation corridors and is centrally located to key employment, education, and entertainment demand drivers, including USC, professional sports venues, and major regional infrastructure. This offering presents an opportunity to acquire a cash flowing multifamily asset with long term upside in one of the most resilient rental markets in the country.