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Multifamily

639 N Juanita Ave

639 N Juanita Ave, Los Angeles, CA 90004

Listing Price: $2,750,000

Cap Rate
4.42%
Number of Units
9
Price/Unit
$305,556
Price/Gross SF
$329.74
Gross SF
8,340

Investment Overview

Marcus and Millichap is pleased to present 639 N. Juanita Ave. Los Angeles, CA 90004, a 9 unit apartment building located in Los Angeles, CA. Built in 1990, the property is situated just north of the 101 Freeway, east of Vermont and South of Santa Monica Blvd. Totaling approximately 8,340 Sq Ft, the building consists of all two bedroom/two bath (2+2) units. The property features gated entry, secured parking and a laundry facility. The property benefits from its close proximity to Hollywood, Silverlake, Echo Park and Downtown Los Angeles. Within walking distance or a short drive, tenants have numerous employment opportunities, entertainment venues, restaurants, cafes, retail shopping, schools, and public transportation (1/2 mile from Vermont/Beverly Metro Station). New ownership has an opportunity to increase rents by virtue of implementing a renovation program to the unit interiors. Current rents are conservatively over fifteen percent (15%) below market. This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an emerging submarket that is not subject to City of Los Angeles Rent Control.

Investment Highlights

  • Excellent Unit Mix of All Two Bedroom/Two Bath Units
  • 1990 Construction – Not Subject to City of Los Angeles Rent Control
  • Value Add Opportunity by Implementing a renovation program upgrading unit interiors – Over 15% Rental Upside

Exclusively Listed By

Financing By

Listing Price: $2,750,000

Cap Rate
4.42%
Number of Units
9
Price/Unit
$305,556
Price/Gross SF
$329.74
Gross SF
8,340

Investment Highlights

  • Excellent Unit Mix of All Two Bedroom/Two Bath Units
  • 1990 Construction – Not Subject to City of Los Angeles Rent Control
  • Value Add Opportunity by Implementing a renovation program upgrading unit interiors – Over 15% Rental Upside

Investment Overview

Marcus and Millichap is pleased to present 639 N. Juanita Ave. Los Angeles, CA 90004, a 9 unit apartment building located in Los Angeles, CA. Built in 1990, the property is situated just north of the 101 Freeway, east of Vermont and South of Santa Monica Blvd. Totaling approximately 8,340 Sq Ft, the building consists of all two bedroom/two bath (2+2) units. The property features gated entry, secured parking and a laundry facility. The property benefits from its close proximity to Hollywood, Silverlake, Echo Park and Downtown Los Angeles. Within walking distance or a short drive, tenants have numerous employment opportunities, entertainment venues, restaurants, cafes, retail shopping, schools, and public transportation (1/2 mile from Vermont/Beverly Metro Station). New ownership has an opportunity to increase rents by virtue of implementing a renovation program to the unit interiors. Current rents are conservatively over fifteen percent (15%) below market. This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an emerging submarket that is not subject to City of Los Angeles Rent Control.

Exclusively Listed By

Financing By

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