This 10-unit apartment community presents a true value-add opportunity in the heart of East Hollywood, offering strong fundamentals and exceptional upside for investors. Priced at a 9.8 GRM and just $222 per square foot, the property stands out as an attractive acquisition in one of Los Angeles’ most dynamic rental markets. Tenants enjoy 11 on-site parking spaces, and the large parking lot provides potential for future ADU development to further boost cash flow and property value.
Located just one block from the bustling Virgil Avenue corridor, residents are steps away from some of LA’s most popular dining destinations including Sqirl, Courage Bagel, Budonoki, and KinKan LA. The property is separately metered for gas and electric, reducing operating costs and streamlining management for new ownership. With its prime location, built-in value-add potential, and favorable price metrics, this East Hollywood asset is an excellent long-term investment opportunity.