
1949 West Martin Luther King
Multifamily | 8 Units | $299,375/unit
Marketing description
KingSide Investment Group of Keller Williams Downtown Los Angeles is proud to offer a tremendous investment opportunity - an 8 unit apartment offering. Located in the Leimert Park neighborhood, the subject property is centrally located offering quick access to premium entertainment such as The LA Memorial Coliseum and The Natural History Museum. The property is located a few miles from USC which provides access to a strong student rental market. The building has a diverse mix of 4 two-bedroom, and four studio units. Seven of the eight units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations the expense profile of the property is extremely low, and will allow for strong cash flow immediately.
Investment highlights
Newly Renovated Units Achieving High Rents
Strong Cash Flow from Day 1
Below Average Expense Profile
Gentrifying Area Allowing for Above Average Appreciation
Large Parking Lot
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