Multifamily

5937 Willoughby Ave & 6014 Barton Ave

Listing Price: $7,250,000

Cap Rate
3.67%
Number of Units
10
GRM
17.80
Occupancy
98.02%
Price/Unit
$725,000
Price/Gross SF
$436.75
Gross SF
16,600

Investment Overview

Marcus & Millichap proudly presents 10 condominiums in a great location only a few blocks from Wilshire Country club. Located just North of Melrose Avenue and Just South of Santa Monica Blvd. the condominiums were constructed in 2008 and 8 of the 10 units are 2 bedroom 2.5 Bath units with lofts and have 1,700 square feet of living space. The offering includes two separate buildings one block from each other with each building containing 5 condominiums. The condominiums are 100% occupied with upward pressure on existing rents. This is an excellent opportunity for an investor to purchase pride of ownership buildings in a great location and that are competitively priced.

Investment Highlights

  • Great Location! A Few Blocks from Wilshire Country Club
  • Pride of Ownership 2008 Construction!
  • 10 Separately Parceled Condominiums
  • Spacious Units! 1,700 square feet
  • 100% Occupied
  • Upside in Rents

Exclusively Listed By

Listing Price: $7,250,000

Cap Rate
3.67%
Number of Units
10
GRM
17.80
Occupancy
98.02%
Price/Unit
$725,000
Price/Gross SF
$436.75
Gross SF
16,600

Investment Highlights

  • Great Location! A Few Blocks from Wilshire Country Club
  • Pride of Ownership 2008 Construction!
  • 10 Separately Parceled Condominiums
  • Spacious Units! 1,700 square feet
  • 100% Occupied
  • Upside in Rents

Investment Overview

Marcus & Millichap proudly presents 10 condominiums in a great location only a few blocks from Wilshire Country club. Located just North of Melrose Avenue and Just South of Santa Monica Blvd. the condominiums were constructed in 2008 and 8 of the 10 units are 2 bedroom 2.5 Bath units with lofts and have 1,700 square feet of living space. The offering includes two separate buildings one block from each other with each building containing 5 condominiums. The condominiums are 100% occupied with upward pressure on existing rents. This is an excellent opportunity for an investor to purchase pride of ownership buildings in a great location and that are competitively priced.

Exclusively Listed By

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