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Property Description
West Adam's hottest new investment opportunity; a 10-unit apartment building with a mix of one and two bedroom units. Units are spacious and well-maintained. With a rental upside of about 35% and a market cap of 7%, this is a tremendous opportunity for both seasoned and new investors alike. The property sits on a quaint and quiet street, but still has great access to nearby freeways such as the I-10, I-110, and I-405. All units are individually metered for gas and electricity. Each unit also features newer, individual water heaters. There is ample parking available for all tenants. West Adams and Jefferson Park are some of the hottest neighborhoods to own and rent in the city of Los Angeles. Perfectly positioned between both the Westside and downtown Los Angeles, the area is becoming more desirable with each passing year. The areas are now linked with the Expo Line light rail and soon the Crenshaw line in 2019. The surrounding area has been seeing an influx of new renters, with prices and rents increasing dramatically.
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