9 bedroom house for sale
$2,400,000 - Los Angeles CA 90057Advertisement
Overview
We are pleased to present for sale, the epitome of urban living in the Koreatown/Westlake submarket of Los Angeles. The La Fayette Garden Apartments is a 15-unit true-value add building rip for new ownership to renovate and reposition the asset to suit the surrounding area. This wide, tree lined street, is known to be a premier location with the many meticulously renovated buildings owned by some of the largest institutional investors. Owners on La Fayette has historically achieved significantly higher rents than other streets within this submarket because of its charm. La Fayette Gardens features a unit mix of 6 studios and 9 one bedroom/one bath units across +/- 10, 340 square feet of improvements on a +/- 10, 981 square foot lot. The property is listed at $160, 000 per unit which far below what other properties in the area trade for. This gives a buyer cushion to execute their business plan of turning units, renovate and reposition, and the ability to achieve market rents. Other properties on La Fayette that benefit from extensive renovations proves that renters are willing to pay for a superior product on this premier street. The property has a rear parking lot with 12 individual spaces, is individually metered for electricity, master metered for water and sewer, and individually metered for gas (each unit has their own individual water heater). This is a true value-add opportunity with a low cost per unit and square foot, and the ability to add tremendous amount of value. Please contact listing agents for full offering memorandum.Advertisement
Los Angeles CA 90057
9 bedroom house for sale
- Beds: 9
- Baths: 15
- Price: $2,400,000
- :
- Area: 10,340 sqft
Location
Los Angeles CA 90057
9 bedroom house for sale
House Los Angeles
This House for sale is located at Los Angeles CA 90057. The home has 9 Bedroom and 15 Bathrooms. This 9 bedroom House in Los Angeles CA is for sale for $2,400,000 .
Disclaimer
2024-08-12, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-08-12, Viewed 1 times.
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