Fully remodeled 50-Unit multifamily building comprising of 2x 1-bedroom apartments and 48x large and uniquely laid out studios that resemble 1-bedrooms, all with separate rooms with full-sized kitchens, closets and bathrooms located directly in front of Sofi Stadium and the 300-Acre, $10 Billion dollar Hollywood Park mega-development!
- Assumable $2.8MM 3.75% interest rate loan fixed through 2030 and seller financing available in second position
-An extensive top to bottom $2MM remodel undertaken in 2021, including:
- $350K plumbing remodel. All new copper plumbing from city meter back, including new individual unit shutoffs for all units, new shower valves for all units, news toilets & tubs for all news, new boiler, all new traps for all units and new sewer horizontals
-Every windows in building replaced to double-paned, tempered vinyl windows
-Full building new stucco and paint, Santa Barbara smooth-finish stucco in front
-New controlled access car & pedestrian gates
- 24/7 night-vision wifi camera system throughout
-47 of 50 units fully remodeled with new quartz countertop and real plywood cabinet kitchens, LVP flooring, stainless steel double sinks, new tile and tubs, new fixtures, outlets, baseboards, paint!
- Exterior includes new mailboxes, light fixtures, landscaping, deck refresh throughout
-All units fully wired internally with Spectrum CAT 6 wiring, offering revenue share income to owner and high speed internet for tenants to pay for without any external wiring!
-Full onsite laundry with only mobile phone pay
-50 parking spaces, fully gated and covered
-Extreme rent demand. Operating at nearly 0% historical vacancy with waitlist and low delinquency rates. Strong rent roll with qualified tenants
-Prime location directly on the transforming Prairie Avenue. Located directly across from Sofi Stadium/Hollywood Park $10 Billion mega development, including 900,000 sq. ft. of luxury retail. Located near Intuit Dome, the Forum, Downtown Inglewood, and LAX/Hawthorne Airports