This partially stabilized asset presents a compelling ~29% rent upside, offering new ownership a path to meaningful short-term gains and long-term growth through targeted updates and strategic tenant turnover. The unit mix(2) 2-Bed/2-Bath units, (6) 1-Bed/1-Bath units, and (2) 2-Bed/2-Bath ADUs strikes a strong balance between stability and flexibility. Larger units appeal to long-term renters, while smaller units allow for more frequent rent adjustments aligned with market trends. Two income-generating, legally permitted ADUs further enhance the property's earning potential. Located in Mid-City, one of Los Angeles' most central and renter-heavy neighborhoods, the property sits between key employment hubs like Downtown LA, Culver City, Beverly Hills, and Hollywood. With over 63% of households renting and the median homebuyer needing to earn over $222K annually to afford a home, demand for rentals remains high, particularly in relatively affordable, well-located areas like this. Tenants also benefit from access to strong economic drivers, including Cedars-Sinai, USC, the Wilshire Miracle Mile, and key Metro lines, making this a strategically positioned asset for long-term investment.

Listing courtesy of Saadia 'Sam' Liberow of Marcus & Millichap

Based on information from the The MLS as of 2025-10-22 07:46 PM UTC. 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.