Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 8.5% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10.5% Cap Rate after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Additional Features
- Wall Furnace
- Two
- Parking spaces: 0.00
- Listing Status: Active
- Listing Agent: Julio Ruiz
(lic# 01911261)
of Beverly Hills/Greater LA
- Listing Office: Global Platinum Properties, Inc.
(lic# 02062910)
- CO-Listing Agent: Armin Soleimani
(lic# 01846872)
of Beverly Hills/Greater LA
- CO-Listing Office: Global Platinum Properties, Inc.
(lic# 02062910)
-
Based on information from CRISNet MLS as of 5th August 2026 at 1:25pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
