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Multifamily

11969 Iowa Ave

11969 Iowa Ave, Los Angeles, CA 90025

Listing Price: $3,599,000

Cap Rate
2.92%
Number of Units
9
Price/Unit
$399,889
Price/Gross SF
$516.95
Gross SF
6,962

Investment Overview

West LA's Sawtelle neighborhood is close to everything the Westside has to offer. Just off of Bundy and sandwiched between Olympic and Santa Monica Blvd., dining, retail, grocery, large employers, and transportation options are all within walking distance. A perfect walkscore? I think so. The subject property has a diverse unit mix and massive, unrealized upside of 40%! Two units scheduled to be vacated at COE. Mostly copper plumbing, upgraded electrical. Seismic retrofit recently completed - a HUGE cost savings for a Buyer versus other buildings on market, requiring it, still.

Investment Highlights

  • JUST REDUCED $200K
  • Ideal Westside location off of Bundy.
  • A "perfect" walkscore? Almost.
  • Massive, 40% rent upside attainable sooner than you think. Please inquire.
  • Diverse unit mix.
  • Electrical and plumbing upgrades.
  • Seismic retrofit done. Huge savings for a Buyer.

Exclusively Listed By

Financing By

Multifamily

11969 Iowa Ave

Listing Price: $3,599,000

Cap Rate
2.92%
Number of Units
9
Price/Unit
$399,889
Price/Gross SF
$516.95
Gross SF
6,962

Investment Highlights

  • JUST REDUCED $200K
  • Ideal Westside location off of Bundy.
  • A "perfect" walkscore? Almost.
  • Massive, 40% rent upside attainable sooner than you think. Please inquire.
  • Diverse unit mix.
  • Electrical and plumbing upgrades.
  • Seismic retrofit done. Huge savings for a Buyer.

Investment Overview

West LA's Sawtelle neighborhood is close to everything the Westside has to offer. Just off of Bundy and sandwiched between Olympic and Santa Monica Blvd., dining, retail, grocery, large employers, and transportation options are all within walking distance. A perfect walkscore? I think so. The subject property has a diverse unit mix and massive, unrealized upside of 40%! Two units scheduled to be vacated at COE. Mostly copper plumbing, upgraded electrical. Seismic retrofit recently completed - a HUGE cost savings for a Buyer versus other buildings on market, requiring it, still.

Exclusively Listed By

Financing By

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