Multifamily

103 N Sweetzer Ave

103 N Sweetzer Ave, Los Angeles, CA 90048

Listing Price: $3,199,000

Cap Rate
4.54%
Number of Units
6
GRM
15.40
Occupancy
97.00%
Price/Unit
$533,167
Price/Gross SF
$544.79
Gross SF
5,872

Investment Overview

A wonderful opportunity in one of the most sought-after rental markets in all of LA - minutes to The Grove, CBS Studios, The Farmers Market, The Beverly Center and shopping and dining along 3rd and Melrose. The subject property is in the process of being redone "from the studs out" - all units have been gutted and will have top-of-the-line everything. In addition, the exterior is being reimaged.

The Buyer will have a seamless, next-to-new asset and maximum, market rents in 5 of 6 units (one unit has an existing tenant that will move back in, $1,007) - very few repair or maintenance $$$ for the next decade - a turn-key opportunity of the highest order.

Investment Highlights

  • Seller is finishing a studs out renovation now
  • New everything inside-and-out while still preserving the vintage character
  • Finished product will command top-of the market rents
  • Almost exactly between The Beverly Center and The Grove 10 min walk to both
  • 4.5% year-one cap rate for a perfect, finished product

Exclusively Listed By

Listing Price: $3,199,000

Cap Rate
4.54%
Number of Units
6
GRM
15.40
Occupancy
97.00%
Price/Unit
$533,167
Price/Gross SF
$544.79
Gross SF
5,872

Investment Highlights

  • Seller is finishing a studs out renovation now
  • New everything inside-and-out while still preserving the vintage character
  • Finished product will command top-of the market rents
  • Almost exactly between The Beverly Center and The Grove 10 min walk to both
  • 4.5% year-one cap rate for a perfect, finished product

Investment Overview

A wonderful opportunity in one of the most sought-after rental markets in all of LA - minutes to The Grove, CBS Studios, The Farmers Market, The Beverly Center and shopping and dining along 3rd and Melrose. The subject property is in the process of being redone "from the studs out" - all units have been gutted and will have top-of-the-line everything. In addition, the exterior is being reimaged.

The Buyer will have a seamless, next-to-new asset and maximum, market rents in 5 of 6 units (one unit has an existing tenant that will move back in, $1,007) - very few repair or maintenance $$$ for the next decade - a turn-key opportunity of the highest order.

Exclusively Listed By

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