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Multifamily

126 S Vendome St

126 S Vendome St, Los Angeles, CA 90057

Listing Price: $1,000,000

Cap Rate
4.19%
Number of Units
6
GRM
13.88
Occupancy
3.0%
Price/Unit
$166,667
Price/Gross SF
$268.82
Gross SF
3,720

Investment Overview

Approximately 110% +/- Upside
This is a true value-added opportunity, with current rents well below market rents. As the next buyer,
you have the chance to make substantial upgrades, enhancing the property's appeal and commanding
higher market rents. One unit will be delivered vacant at the close of the escrow.

First Time in the Market in 40+ years
This property represents a rare opportunity to own a property that has not been available for purchase
in over 4 decades!

Excellent Unit Mix
126 S Vendome boasts an attractive unit mix of two (2) large single units and four (4) two bedroom/1
bath units. One of the single units will be delivered vacant at the close of escrow, allowing a buyer to
immediately renovate and achieve market rent.

Centrally Located
Conveniently located immediately adjacent to the Historic Filipinotown in the Westlake neighborhood,
126 S Vendome is central to Downtown Los Angeles, Koreatown, and Silver Lake/Echo Park
with an impressive Walkscore of 90. Compared to maturing neighborhoods such as Koreatown
and Silver Lake, the neighborhood offers more affordable housing options while taking advantage
of neighboring amenities and hot spots such as Korean BBQ, Koreatown nightlife such as bars and
karaoke, the booming food scene in Silver Lake including Pijja Palace, Farmer’s Market, Courage
Bagels, and more!

Investment Highlights

  • Approximately 110% +/- Upside
  • First Time in the Market in 40+ years
  • Excellent Unit Mix
  • Centrally Located

Exclusively Listed By

Financing By

Multifamily

126 S Vendome St

Listing Price: $1,000,000

Cap Rate
4.19%
Number of Units
6
GRM
13.88
Occupancy
3.0%
Price/Unit
$166,667
Price/Gross SF
$268.82
Gross SF
3,720

Investment Highlights

  • Approximately 110% +/- Upside
  • First Time in the Market in 40+ years
  • Excellent Unit Mix
  • Centrally Located

Investment Overview

Approximately 110% +/- Upside This is a true value-added opportunity, with current rents well below market rents. As the next buyer, you have the chance to make substantial upgrades, enhancing the property's appeal and commanding higher market rents. One unit will be delivered vacant at the close of the escrow. First Time in the Market in 40+ years This property represents a rare opportunity to own a property that has not been available for purchase in over 4 decades! Excellent Unit Mix 126 S Vendome boasts an attractive unit mix of two (2) large single units and four (4) two bedroom/1 bath units. One of the single units will be delivered vacant at the close of escrow, allowing a buyer to immediately renovate and achieve market rent. Centrally Located Conveniently located immediately adjacent to the Historic Filipinotown in the Westlake neighborhood, 126 S Vendome is central to Downtown Los Angeles, Koreatown, and Silver Lake/Echo Park with an impressive Walkscore of 90. Compared to maturing neighborhoods such as Koreatown and Silver Lake, the neighborhood offers more affordable housing options while taking advantage of neighboring amenities and hot spots such as Korean BBQ, Koreatown nightlife such as bars and karaoke, the booming food scene in Silver Lake including Pijja Palace, Farmer’s Market, Courage Bagels, and more!

Exclusively Listed By

Financing By

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