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​:
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All Cash Buyer
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Quick Close
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Sellers Downleg in 1031 Exchange
ASSET HIGHLIGHTS
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Prime Mid-Wilshire Location
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No Rent Control
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Strong Unit Mix
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Ample Parking
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On-Site Laundry
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Rental Upside Potential
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Copper Plumbing
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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.