Investment Overview

• The Neema Group is pleased to present a 47-unit investment opportunity at 2819 Leeward Ave in Koreatown located between S Hoover St and Vermont Ave and one block south of Southwestern Law School • The subject property totals 46 single units and one one-bedroom • Offered at $104,255 per unit at $183 PSF at a 6.76% CAP rate and 7.58 GRM on current income at the asking price with an additional 24% rental upside achievable as units turn • The building is separately metered for electric and has an on-site community laundry room leased with Wash with five washers and five dryers • High Walk Score of 93, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle • Walking distance to neighborhood retail along 7th St; one mile from the Metro D Line rail station and steps from several Metro local lines along 8th St and S Hoover St • Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in