Investment Overview

Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 3733 Bostwick Street in Los Angeles, California. The subject property is situated in a quiet City Terrace location, north of Pomeroy Street and east of City Terrace Drive. Constructed between 1926 and 1970, the property sits in an up-and-coming area and has a desirable unit mix of two (2) studios, one (1) one-bedroom / one-bathroom unit, and four (4) two-bedroom / one-bathroom units. Five (5) of the units have been renovated, and two (2) buildings have new roofs. Tenants enjoy on-site laundry, garage parking, and detached structures which allows for increased privacy. The breakdown of the property is as follows: the building in the front on the left is an unrenovated studio. The building in the front on the right is a 2+1 that has been renovated, has had square footage added, has a new roof, and is separately metered for water, gas, and electric. The building in the middle has a new roof and consists of a converted 2+1 patio and basement, a 2+1 moderately renovated unit on the bottom floor, and a fully renovated 1+1 and 2+1 upstairs. Finally, the building in the back is a fully renovated studio. Well positioned in a gentrifying area of City Terrace, the subject property offers dominant access to numerous entertainment possibilities, which presents a special opportunity for an investor to capitalize on a stabilized asset and a strong 6.82% cap rate.