Multifamily
Westlake Trio
718 S Alvarado St/ 720 S Alvarado St/ 672 S Rampart Blvd, Los Angeles, CA 90057
Listing Price: $17,600,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a rare acquisition opportunity to acquire 123 total units (115 residential & 8 commercial) in the Westlake district of Los Angeles.
Consisting of three separate buildings, the properties are strategically located within walking distance (0.5 miles) of one another offering the opportunity to acquire a sizable presence in one of the most sought-after infill markets in Los Angeles.
The Westlake Trio represents a sub-portfolio asset nestled in the heart of Los Angeles. With Westlake's dense population and its proximity to downtown, it capitalizes on urban benefits and presents a market brimming with untapped potential for investors.
Westlake Trio
Investment Highlights
- Attractive Assumable Agency Financing, Available at 3.40% Interest, 14 Months of Interest-Only and Maturity Date of 2/1/2031
- Part of a 6-property, 195-unit Portfolio. Properties may be purchased an Individual, Portfolio or Sub Portfolio Basis (Westlake Trio Buildings must be purchased together)
- New Investor will have the Opportunity to Capture 34% Rental Upside on the Remaining Non-Renovated Units
- The Sub-Portfolio is Located in Close Proximity to Koreatown and Downtown Los Angeles, Offering Renters Convenient Access to Employment Opportunities and Nightlife
- The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High Income Tenant Profiles and Drives Rental Growth
- 718 & 720 South Alvarado Offer an Opportunity to Create Three Accessory Dwelling Units (ADU) From Previously Non-Conforming Units and Enhance Revenue and Legal Unit Count, With the Strong Possibility to Create Additional ADU's in the Basement Space of 718 South Alvarado (Buyer to Verify)
Exclusively Listed By
Multifamily
Westlake Trio
Listing Price: $17,600,000
Investment Highlights
- Attractive Assumable Agency Financing, Available at 3.40% Interest, 14 Months of Interest-Only and Maturity Date of 2/1/2031
- Part of a 6-property, 195-unit Portfolio. Properties may be purchased an Individual, Portfolio or Sub Portfolio Basis (Westlake Trio Buildings must be purchased together)
- New Investor will have the Opportunity to Capture 34% Rental Upside on the Remaining Non-Renovated Units
- The Sub-Portfolio is Located in Close Proximity to Koreatown and Downtown Los Angeles, Offering Renters Convenient Access to Employment Opportunities and Nightlife
- The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High Income Tenant Profiles and Drives Rental Growth
- 718 & 720 South Alvarado Offer an Opportunity to Create Three Accessory Dwelling Units (ADU) From Previously Non-Conforming Units and Enhance Revenue and Legal Unit Count, With the Strong Possibility to Create Additional ADU's in the Basement Space of 718 South Alvarado (Buyer to Verify)
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a rare acquisition opportunity to acquire 123 total units (115 residential & 8 commercial) in the Westlake district of Los Angeles. Consisting of three separate buildings, the properties are strategically located within walking distance (0.5 miles) of one another offering the opportunity to acquire a sizable presence in one of the most sought-after infill markets in Los Angeles. The Westlake Trio represents a sub-portfolio asset nestled in the heart of Los Angeles. With Westlake's dense population and its proximity to downtown, it capitalizes on urban benefits and presents a market brimming with untapped potential for investors.
Exclusively Listed By
