Multifamily
Beau on Bundy
1231 Bundy Dr, Los Angeles, CA 90025
Listing Price: $7,000,000
Investment Overview
Institutional Property Advisors (“IPA”), as the exclusive listing agent, is pleased to present the opportunity to acquire Beau on Bundy (the “Property”), a 16-unit multifamily community located in the affluent West Los Angeles submarket.
Originally constructed in 1970, current ownership has spent $873,000 on capital expenditures to completely transform the property. Many of the Property’s mechanical systems and building improvements have been addressed which allows investors to focus almost entirely on high return on investment interior renovations moving forward.
12 of the 16 unit interiors (75%) have been extensively renovated, including new cabinetry, new stainless-steel appliances, plank vinyl flooring, quartz countertops, backsplash, new dual-pane windows, recessed LED lighting fixtures, upgraded plumbing fixtures and in-unit washers and dryers. Investors will have the opportunity to follow this proven interior renovation strategy in the remaining 4 units (25%) and capture 15%+ upside in rental income.
Beau on Bundy
Investment Highlights
- Proven interior renovation scope to emulate and capture 14%+ in remaining rental income upside.
- Almost all mechanical systems and deferred maintenance needs have been addressed. Investors can focus on remaining unrenovated units.
- West LA is a Superb Submarket - 75% of the population are renters, 74% college educated, and 62% earn more than $75K.
Exclusively Listed By
Listing Price: $7,000,000
Investment Highlights
- Proven interior renovation scope to emulate and capture 14%+ in remaining rental income upside.
- Almost all mechanical systems and deferred maintenance needs have been addressed. Investors can focus on remaining unrenovated units.
- West LA is a Superb Submarket - 75% of the population are renters, 74% college educated, and 62% earn more than $75K.
Investment Overview
Institutional Property Advisors (“IPA”), as the exclusive listing agent, is pleased to present the opportunity to acquire Beau on Bundy (the “Property”), a 16-unit multifamily community located in the affluent West Los Angeles submarket. Originally constructed in 1970, current ownership has spent $873,000 on capital expenditures to completely transform the property. Many of the Property’s mechanical systems and building improvements have been addressed which allows investors to focus almost entirely on high return on investment interior renovations moving forward. 12 of the 16 unit interiors (75%) have been extensively renovated, including new cabinetry, new stainless-steel appliances, plank vinyl flooring, quartz countertops, backsplash, new dual-pane windows, recessed LED lighting fixtures, upgraded plumbing fixtures and in-unit washers and dryers. Investors will have the opportunity to follow this proven interior renovation strategy in the remaining 4 units (25%) and capture 15%+ upside in rental income.
Exclusively Listed By
