Apartment Los Angeles

FULLY RENOVATED 6 UNIT

The asset is perfectly positioned to capitalize on all of the major

developments and entertainment centers that reside near the University

and in Downtown Los Angeles. Originally built in 1922, the property has

undergone a complete evolution, culminating in a comprehensive gut-

rehab of the existing structure and the ground-up construction of two

brand-new detached Accessory Dwelling Units (ADUs) completed in

2023. The Sellers are professional developers by trade who purchased

the asset in October 2021 with a clear vision for strategic repositioning.

Following this extensive construction and development timeline, the

property has successfully stabilized over the last few years, presenting

incoming investors with a fully turn-key, optimized, income-producing

asset with zero deferred maintenance.

The developers transformed the property’s original footprint—which

initially consisted of four large, one-bedroom units—by gut-rehabbing

all interiors and converting them into high-demand three-bedroom

configurations. To optimize layout functionality, two of these main front

units feature one full bathroom, while an extra half-bathroom was

seamlessly added to the remaining two front units, giving them one and

a half bathrooms each. To maximize cash flow potential, the developers

also constructed two brand-new, detached, two-bedroom and one-

bathroom ADUs measuring 641.5 square feet each, bringing the total unit

count to six. The exterior exhibits a clean, modern stucco finish, upgraded

entry doors, and gravel areas designed for minimal landscaping upkeep.