CLOSED ESCROW

MULTIFAMILY

4505-4509 maplewood avenue

LOS ANGELES, CA 90004

PRICE:

PRICE/UNIT:

UNITS:

PRICE/SF:

CURRENT CAP RATE:

PRO FORMA CAP RATE:

GRM CURRENT: GRM PRO FORMA:

YEAR BUILT:

UNIT MIX:

$1,999,000

$142,786

14

$208

5.54%

6.34%

11.26

10.34

1986

6-1/1; 6-2/1; 2-2/2

DEAL HIGHLIGHTS​:

  • All Cash Buyer

  • Quick Close

  • Sellers Downleg in 1031 Exchange

 

ASSET HIGHLIGHTS

  • Prime Mid-Wilshire Location

  • No Rent Control

  • Strong Unit Mix

  • Ample Parking

  • On-Site Laundry

  • Rental Upside Potential

  • Copper Plumbing

  • Newer Roof

THE ASSET

We are pleased to offer a fourteen unit property located in Los Angeles, California. Situated at 4505-4509 Maplewood Avenue, south of Melrose Avenue and west of North Normandie Boulevard, the subject property is located in a prime Mid-Wilshire location.

 

Built in 1986, the two-story, non-rent controlled property presents a strong unit mix of six, one-bedroom/one-bathroom units, six, two-bedrooms/one-bathroom units, and two, two-bedrooms/two-bathroom units. Residents of the property enjoy ample parking, on-site laundry, and secured premises. In addition, the property is separately metered for gas and electric. Recent capital improvements include a newer roof and copper plumbing.

 

Located in a prime Mid-Wilshire location, the property offers an investor a non-rent controlled property with rental upside potential.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010