- Renovated 10-unit, 2-story apartment building in West Los Angeles with 15 parking spaces—updated with brand-new plumbing, electrical and windows - In-place cap rate of 5.64%, with below market assumable financing at 3.35% fixed for the next two years, providing an investor with positive leverage and immediate cash-on-cash of 5.70% - Consistent unit mix of 10 one-bedroom floorplans, with one unit boasting its own private terrace - An astute buyer can capture additional upside by adding 2 ADUs in the existing parking lot - All units are equipped with newly refinished hardwood floors, large closets, wall HVAC, stainless steel appliances, updated bath and kitchens, and in-unit washers and dryers - Submarket occupancy averaged 96.6% over the past five years - Submarket asking rents expected to rise 21% over the next two years - The average household income within a three-mile radius is $164,324 - Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista - Direct access to shopping and dining destinations in Los Angeles, from world renowned Abbot Kinney in Venice and Century City Westfield Mall to nearby Brentwood and Santa Monica - Los Angeles’s job market will increase by 34.6% over next ten years - Within a three-mile radius of the property, the population is 284,646 and expected to grow over 2.2% over the next five years