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Multifamily

853 N Alta Vista Blvd

853 N Alta Vista Blvd, Los Angeles, CA 90046

Listing Price: $2,825,000

Cap Rate
3.96%
Number of Units
10
Price/Unit
$282,500
Price/Gross SF
$784.72
Gross SF
3,600

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 853 North Alta Vista Boulevard, a ten-unit multifamily investment opportunity located in the supply constrained 90046 zip code of Los Angeles, CA. The property features 3,600 square feet of gross rentable area, situated on a 7,752-square foot lot. The ten-unit building is composed of all studio/one bathroom units.. The building is well-maintained and offers on-site laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Melrose Avenue, sandwiched between Poinsettia Place to the west and Formosa Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 853 North Alta Vista Boulevards offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 853 North Alta Vista Boulevard offers a unique opportunity to any investor looking to acquire a well-maintained asset in Los Angeles, CA.

Investment Highlights

  • 10 Units Prime West Hollywood Adjacent!
  • 853 North Alta Vista Boulevard Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 25%.
  • Charming Bungalow Style 1920's Construction!
  • Property Includes On Site Laundry Facility and Private Backyard Patio for Tenants.
  • Master Metered for Electric and Gas, May be able to increase rents 5% Per Year (Buyer to Verify).
  • Walkscore.com Rates 853 North Alta Vista Boulevard a Walker's Paradise; Daily Errands do not Require a Car.

Exclusively Listed By

Financing By

Listing Price: $2,825,000

Cap Rate
3.96%
Number of Units
10
Price/Unit
$282,500
Price/Gross SF
$784.72
Gross SF
3,600

Investment Highlights

  • 10 Units Prime West Hollywood Adjacent!
  • 853 North Alta Vista Boulevard Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations -Current Loss-to-Lease Approx. 25%.
  • Charming Bungalow Style 1920's Construction!
  • Property Includes On Site Laundry Facility and Private Backyard Patio for Tenants.
  • Master Metered for Electric and Gas, May be able to increase rents 5% Per Year (Buyer to Verify).
  • Walkscore.com Rates 853 North Alta Vista Boulevard a Walker's Paradise; Daily Errands do not Require a Car.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 853 North Alta Vista Boulevard, a ten-unit multifamily investment opportunity located in the supply constrained 90046 zip code of Los Angeles, CA. The property features 3,600 square feet of gross rentable area, situated on a 7,752-square foot lot. The ten-unit building is composed of all studio/one bathroom units.. The building is well-maintained and offers on-site laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Melrose Avenue, sandwiched between Poinsettia Place to the west and Formosa Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 853 North Alta Vista Boulevards offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 853 North Alta Vista Boulevard offers a unique opportunity to any investor looking to acquire a well-maintained asset in Los Angeles, CA.

Exclusively Listed By

Financing By

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