Federal courtyard
Project Information
Location: Los Angeles, CA
Site Area: 9,615 ft²; Residential: 4,270 ft²;
Unit Count: 6 units apartment building with single house at the front
The property is located in the heart of West LA, less than 4 miles away from UCLA, Santa Monica, Beverly hills and Culver city. It is a highly desirable rental location. Adjacent to 10and 405, very accessible and convenient for young working professionals due to large amount of employers within the 5 miles radius.
It is a great long term holding income producing property. Negotiated low interest rate Seller carry –back allows positive cash-flow from the day one. Utilize the cash flow in the first 2 years to improve the property and build two ADUs from garage conversion. The improvement includes cosmetic upgrades of units, courtyard improvement, as well as increase on-site parking for garage conversion of ADUs.