3444 Emerald Street is a 1962-built, 20-unit apartment building of wood frame and stucco construction on a raised foundation, containing 16,201 rentable square feet on a 22,228 square foot lot across (1) 3- Bed / 2- Bath, (5) 2-Bed / 1-Bath, (13) 1-Bed / 1-Bath, and (1) Studio. Gas and electric are separately metered and paid by tenants, and water, sewer and trash are owner paid. The property is gated at the front and rear entries, includes sprinkler systems, and offers 20 parking spaces, a pool, owner-owned laundry with two washers and two dryers, and most units have a patio. Building systems include copper plumbing throughout and two 100-gallon water heaters. Recent work includes new hardscape and replacement of several dual pane windows. A large manager's storage room can be converted into an additional apartment/ADU. The building is 95% occupied, with the studio tenant vacating at the end of August. At the concluded market rents of $47,575 per month the property proformas to a 6.5% cap rate and a 9.78 GRM. 1. QUESTIONS: All specific property related information is covered in the marketing package in the supplemental section on the MLS. ----- 2. COMMUNICATION: Please direct any additional questions not covered in the marketing package to Jack (310) 382-1063 or Jack@LyonStahl.com. ----- 3. SHOWINGS: There will be no showings or open houses. Please submit offers subject to interior inspection. ----- 4. OFFERS: Please submit offers to Jack@LyonStahl.com. Please include proof of funds and pre-approval.