Investment Overview

Marcus & Millichap is excited to present an exceptional investment opportunity in the sought-after Ladera Heights area of Los Angeles. This tri-plex property offers a rare permitted value-add opportunity that promises significant upside potential to achieve a 9.72 GRM once fully stabilized. Located in the highly desirable Ladera Heights, the property enjoys a prime location. Its attractive triplex unit mix and unit size make it an appealing investment option. With the potential for value appreciation, investors can expect substantial returns from this opportunity. One of the standout features of this property is its strong curb appeal, thanks to its frontage on a serene set-back street along Slauson Avenue. The well-maintained exterior adds to its overall attractiveness and potential for long-term tenant satisfaction. In addition to its physical appeal, the property is situated in a desirable and walkable neighborhood, boasting a high Walk Score of 80. Residents will appreciate the convenience of being within walking distance to various local amenities such as Ladera Park, Ladera Little League, and Kenneth Hahn Ice Hockey & Soccer Fields. This makes it an appealing choice for potential tenants. Furthermore, the property offers easy access to a wide range of retail amenities. Within minutes, residents can reach major retailers including Home Depot, Ralphs, CVS, Amazon Fresh, Marshalls, Ross, Bath & Body Works, and Bank of America to name a few. This proximity to daily needs retailers adds to the convenience and desirability of the location. For commuters and those needing to travel, the property benefits from its convenient location just a four-minute drive from the 405 Freeway. Additionally, it is within close proximity to Westfield Culver City Mall and Fox Hills area, providing easy access to shopping, dining, and entertainment options. Overall, this permitted value-add tri-plex opportunity in Ladera Heights presents an attractive investment option. With its highly sought-after location, attractive unit mix, substantial upside potential, and convenient access to amenities and transportation, this property is well-positioned to generate strong returns for savvy investors.