ncredible 14 unit Trophy Asset being offered below replacement cost and well below the market on price per foot. All units are oversized and offer private balconies and patios as well as a on-site pool. Located in the highly desirable location of Playa Del Rey or tech hub, Silicon Beach, this property not only has on-site amenities but has the advantage of being steps from LuLu's place. Lulu's place is a state of the art sports facility offering free access to Tennis Courts, Pickleball, Volleyball, Soccer Fields, and more.
Tenants will have their own private country club in their backyard. The Haywood Apartments are not only in one of the most desirable pockets of Los Angeles, but can be acquired at a 5% Cap Rate and a sub-12 GRM with 55% rental upside. This asset is well maintained and recently had it's Soft Story Retrofit completed as well as a brand new roof. To add to this property's desirability, The Haywood also has the most ideal unit mix with nine 2-bed and 2-bath units, and four 1-bed and 1-bath units, and just one 3-bed and 3-bath unit. The Haywood apartments just get better and better. Do not miss your opportunity to own a well-maintained Trophy Asset in an A+ location with 55% upside in value being offered under current indicators.