2023-2027 Preuss Rd, Los Angeles, CA 90034
• 18-unit open courtyard-style property featuring newly remodeled, spacious units
• Favorably priced below replacement cost at $388,611 per unit, $392 per square foot, and a 5.60% cap with upside
• Potential for investors to achieve significant upside with the addition of four entitled ADUs, resulting in a 8.26% Pro Forma cap rate
• Recently upgraded building systems including plumbing, electrical, windows, and HVAC
• Desirable amenities including 21 on-site parking spots, controlled access gated entry, and shared outdoor grill and seating area
• Diverse unit mix of (5) one-bedroom and one-bathroom, (11) two-bedroom and two-bathroom, and (2) three-bedroom and two-bathroom units featuring updated kitchens and bathrooms, in-unit laundry, high-speed internet, and secure entry