6332 Brynhurst Avenue, Los Angeles, CA 90043
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 6332 Brynhurst Avenue, a 12- unit apartment community that was built in 2013. The property is located in Hyde Park, just west of Crenshaw Boulevard and North of Hyde Park Boulevard. The offering represents a unique opportunity to acquire a newly constructed apartment community with excellent in-place cash flow and the ability to strategically increase collections by re-tenanting the property. The property is situated on an 11,377 square foot parcel and features one one-bedroom unit, seven three-bedroom units and four four-bedroom units. Due to its 2013 construction, the building is not subject to Los Angeles Rent Control Statutes. Interior units offer large floor plans with private balconies. Additionally, the property features on-site parking and is individually metered for electric and gas. Investors will have the opportunity to acquire a new construction property at an attractive basis with excellent in-place returns and future upside potential. *The property is subject to a rental covenant and agreement through the Los Angeles Housing and Community Investment Department for a period of 30 Years from the certificate of occupancy. Please contact the Listing Agent for Details.
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 6332 Brynhurst Avenue, a 12- unit apartment community that was built in 2013. The property is located in Hyde Park, just west of Crenshaw Boulevard and North of Hyde Park Boulevard. The offering represents a unique opportunity to acquire a newly constructed apartment community with excellent in-place cash flow and the ability to strategically increase collections by re-tenanting the property. The property is situated on an 11,377 square foot parcel and features one one-bedroom unit, seven three-bedroom units and four four-bedroom units. Due to its 2013 construction, the building is not subject to Los Angeles Rent Control Statutes. Interior units offer large floor plans with private balconies. Additionally, the property features on-site parking and is individually metered for electric and gas. Investors will have the opportunity to acquire a new construction property at an attractive basis with excellent in-place returns and future upside potential. *The property is subject to a rental covenant and agreement through the Los Angeles Housing and Community Investment Department for a period of 30 Years from the certificate of occupancy. Please contact the Listing Agent for Details.
