Offered for the first time in 28 years, this multifamily property presents a rare opportunity to acquire an attractive cash-flowing asset with a highly desirable unit mix of spacious 2- and 3-bedroom residences, with 90% consisting of 2-bedroom units and each measuring over 800 square feet. The property offers a 6%+ cap rate and 10.17 GRM on current rents, along with additional income from on-site laundry and a newly painted exterior. Conveniently located near the 5, 605, 60 and 710 freeways, the property is subject only to statewide AB 1482 and is not subject to local rent control.

Investment Highlights

• First Time Offered for Sale in 28 Years
• Excellent Unit Mix: 10 Two-Bedroom Units & 1 Three-Bedroom Unit
• Spacious Units Measuring Over 800 SF Each
• Attractive In-Place Cash Flow: Over 6% Cap Rate
• 10.17 GRM on Current Rents
• Additional Income from On-Site Laundry
• Newly Painted Exterior
• Conveniently Located Near the 5, 605, 60 & 710 Freeways
• Subject to AB1482 Only | No Local Rent Control