12-unit Value-add with 6.04% in-place CAP Rate and 43% rental upside, High-Growth location with easy access to many Los

Highlights:

• • Superior Yield: Rare in-place CAP rate north of 6.04%—priced for immediate cash flow.
• • Proven Upside: ±43% remaining rental growth potential through continued interior modernization.
• • De-Risked Strategy: 6 units (50%) are already renovated, setting the rent ceiling and validating the value-add play.
• • Low-Maintenance Asset: Clean, garden-style 2-story building with double-pane windows and drought-tolerant footprint (minimal landscaping costs).
• • Institutional Validation: Directly adjacent to brand-new developments (PATH Villas & 4000 Montclair) and minutes from "The Read," a 75-unit luxury mixed-use project.
• • Clean and well-maintained 12-unit apartment without any landscaping
• • Approximately 6 units have been upgraded (with 3 units have in-unit laundry) with rents close to market, and 3 units have had some kind of updates
• • Double pane windows throughout, individually metered for electricity and gas

Description:

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.

Growth Investment Group California is proud to present this well-maintained 12-unit apartment community 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.

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