This portfolio offering includes 9 properties totaling 178+1 units, Bulk/Portfolio sale only. 15 Studios, 115 one beds, 42 two beds, 6 three beds. There are 11 separate APN#s and multiple contiguous lots. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to DTLA & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements including new roofs and copper plumbing. More than 25% of the units have been beautifully upgraded. There is still +33% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. The seismic retrofitting has been completed, with the exception of two buildings: 1251 Magnolia and 1250 Kingsley, to be assumed and paid for by the buyer. This infill multifamily portfolio is in an improving submarket in Los Angeles and gives an investor diversification amongst 11 different assessor parcels and proven upside through continued unit turns. Subject Properties & APNs: 1006 N. Mariposa Ave. (5538-002-030; -018) / 1018 N. Mariposa Ave. (5538-002-032) / 1015, 1017 & 1021 N. Mariposa Ave. (5538-001-017; -018) / 1250 N Kingsley Dr. (5537-014-031) / 5525-5527 Virginia Ave. (5536-008-016; -017) / 222 Roselake Ave. (5157-018-049) / 1251 Magnolia Ave. (5076-017-024) / 1401 S Catalina St. (5075-006-019) / 1237 Magnolia Ave. (5076-017-017)
Subterranean, Covered Parking, Gated, Gated Underground, Garage - 2 Car, Uncovered, Subterr Side by Side, Above Street Level, Driveway, Side By Side, Tandem