6060 Cadillac Ave
Multifamily | 5.22% CAP | 8 Units
Marketing description
Rob Renshaw of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 6060 Cadillac Avenue, an 8-unit apartment building located in the highly coveted Palms submarket on LA's Westside. The property was built in 1954 and comprises (8) 1-bedroom, 1-bathroom units. Gross square footage of the building is 5,640, while the parcel itself covers 7,437 square feet with an R3 zoning designation. There are on-site laundry facilities and copious assigned parking at the rear of the building.
6060 Cadillac is directly across the street from the Kaiser Permanente West Los Angeles Medical Center. Tenants further have easy access to the 10 and 405 freeways via La Cienega Boulevard allowing short commutes throughout the greater LA area. 6060 Cadillac is also within walking distance of many nearby houses of worship.
This offering presents the astute investor with a fantastic opportunity to purchase a well-maintained, family-owned asset in a great Westside location at a reasonable basis with much room for growth.
Investment highlights
- Long-term family ownership (70 years)
- Professionally managed
- All units are 1-bed/1-bath averaging nearly 700 SQFT
- Offered at a very attractive cost basis
- Massive rental upside potential
- New exterior paint
- New gate and fencing around full perimeter
- On-site laundry facility
- Central Westside location
- Easy access to 10 and 405 freeways
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