$2,400,000

12-unit Value-add with 6.04% in-place CAP Rate and 43% rental upside, High-Growth location with easy access to many Los Angeles points of interest (DTLA, USC, Koreatown, Mid-City, Westwood, etc.) via FWY 10 and FWY 110. Clean community with Gated entrance and separate meter for electricity and gas. This well-maintained 12-unit apartment community is ideally located on the border of Jefferson Park and West Adams. The property sits in a central location adjacent to newly built apartment complex and within a high-growth area where many new residential developments are recently completed or under construction. The 6.04% in-place CAP Rate provides a positive leverage investment on day-1 while also provides a proven 43% rental upside. Approximately 6 units have been updated with 3 units have in-unit laundry machines, showing a proven value-add strategy. 3 other units have had some kind of updates. Investors can continue to do interior upgrades and capture further significant upside. This offering delivers the perfect trifecta: historic charm + central LA location + proven development tailwinds. The property is a 2-story garden-style apartment that was built in 1958, has about 5,656 SF of living space on a 6,750 SF LAC2 zone lot. The property has secured entrance and gated parking in the front and back. It offers a good unit mix of 10 one-bedroom and 2 studio units. The upgraded units have brand new flooring, recessed lighting, modern lighting fixtures, brand new kitchen with quartz countertop + under cabinet microwave, brand new bathroom with high-end shower stall with glass door, and in-unit laundry (buyer to verify). The property has had some CAPEX improvements including double pane windows throughout, and units’ upgrades. This attractive value-add opportunity is individually metered for electricity and gas. Parking is provided by 9 spaces split between 4 spaces in the front and 5 spaces in the back through alley access. New owner can add a laundry room which will provide additional cash flow. Located in the heart of Jefferson Park—one of Los Angeles' most rapidly evolving neighborhoods, this property is strategically positioned to capitalize on the massive influx of capital and residential development currently transforming the West Adams and Mid-City corridor. The area is defined by a blend of historic charm and high-density modernization, with several major projects validating the long-term value of this pocket.