Investment Overview

• Marcus & Millichap is pleased to present 2268 W 14th St, a 47-unit multifamily investment opportunity in the Pico-Union neighborhood, located between W Pico Blvd and Venice Blvd • Unique opportunity that includes the adjacent parking lot that totals 6,000 SF with 24 parking spaces that generates $2,500 per month of additional income • The property features a unit mix of 46 singles and one one-bedroom with strong in-place cash flow at a 6.56% CAP rate and 7.90 GRM on current income at the asking price; additional 16% rental upside achievable as units turn • Potential for additional upside as an additional ADU may be possible (Buyer to verify) • The building is separately metered for electric and has an on-site community laundry room leased with Wash with four washers and four dryers • High Walk Score of 89, the property is 1.3 miles from the Metro A, D and E Rail Lines, and walking distance to the Metro Local Lines along W Pico Blvd and Venice Blvd • Dense, infill Los Angeles location a half-mile from Loyola High School; residents have convenient access to the 10 and 110 Freeways and an easy commute to nearby neighborhoods such as Downtown LA, Koreatown, Westlake, and throughout Mid-City