2334 Valley St | Westlake Multifamily Investment Opportunity скачать в хорошем качестве

2334 Valley St | Westlake Multifamily Investment Opportunity

2334 Valley Street is an 8 unit multifamily property located in the Westlake neighborhood of Los Angeles. The seller has owned the asset since 2008 and is offering it for sale as part of a 1031 exchange strategy. The building consists entirely of one bedroom one bathroom units totaling approximately 4,408 square feet on a 6,517 square foot lot. The property is listed at $950,000, equating to $118,750 per unit and approximately $215 per square foot, a basis well below current replacement cost in central Los Angeles. Current gross scheduled rent is approximately $7,428 per month with a pro forma rent projection of $15,200 per month. Current net operating income is approximately $50,188 with pro forma NOI projected at $136,575. Located in a highly walkable and transit connected corridor near Downtown Los Angeles, Koreatown, Silver Lake, and Hollywood, the asset benefits from strong rental demand. The investment works because it combines a below replacement cost entry point with significant rental upside in a durable central Los Angeles submarket.