COMPLETELY UPDATED INCOME PROPERTY IN PRIME MID-CITY BETWEEN PICFAIR VILLAGE AND CULVER ARTS DISTRICT

5 UNIT COMPLEX W/ RTI PLANS FOR TWO ADUS

We are pleased to present this 5-unit multifamily property that has been remodeled to the studs. RTI PLANS in hand for two ADU'S, that would bring the unit count to seven with a 7.11% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU'S. The property is located just minutes from the Culver Arts District, Culver City Steps, Ivy Station which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the

neighborhood.

This property, located in the very hot market of Mid-City between Picfair village and Culver Arts District, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs.

The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property.

Please contact us regarding this opportunity or one of the seller's many other similar developments throughout Los Angeles.

The manager has listed the unit size as 3183 square feet.