Multifamily
2033 Chariton St
2033 Chariton St, Los Angeles, CA 90034
Listing Price: $4,650,000
Investment Overview
Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.1% and 13.3 GRM with an incredible 75% upside to 10.3% Cap Rate and 7.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.
2033 Chariton St
Investment Highlights
- 18-Unit building in the prime Pico Robertson/Palms area - Priced at $258l/unit and $345/SF
- The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs
- Current cap rate of 5.1% and 13.3 GRM, with an incredible 75% upside to a 10.3% cap rate and 7.5 GRM
- Large unit mix consisting of 3 (3 bed/2 bath), 1 (2 bed/2 bath), 5 (2 bed/1 bath), 8 (1 bed/1 bath), and 1 (studio)
- Individually metered for gas & electricity
- Walk Score rating of 81 out of 100 highlights its prime location, which puts it within easy reach of local shops, restaurants, and public transportation
Exclusively Listed By
Financing By
Listing Price: $4,650,000
Investment Highlights
- 18-Unit building in the prime Pico Robertson/Palms area - Priced at $258l/unit and $345/SF
- The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs
- Current cap rate of 5.1% and 13.3 GRM, with an incredible 75% upside to a 10.3% cap rate and 7.5 GRM
- Large unit mix consisting of 3 (3 bed/2 bath), 1 (2 bed/2 bath), 5 (2 bed/1 bath), 8 (1 bed/1 bath), and 1 (studio)
- Individually metered for gas & electricity
- Walk Score rating of 81 out of 100 highlights its prime location, which puts it within easy reach of local shops, restaurants, and public transportation
Investment Overview
Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.1% and 13.3 GRM with an incredible 75% upside to 10.3% Cap Rate and 7.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.
Exclusively Listed By
Financing By
