SOLD! First time offered for sale in nearly 30 years, this family-owned and managed property presents an exceptional investment opportunity. Located in the prime West Adams neighborhood, the building features an attractive mix of primarily 2-bedroom units. Adjacent to Culver City and just south of Adams Blvd and east of La Cienega. Contact us for the full transactional details.

Transaction Highlights

• SOLD at $176,875 per unit | $248.94 per square feet | Closed Escrow at 4.93% Cap Rate and 11.41 GRM on Current Rents
• Another Successful Transaction with a Returning Client
• Team Sherbetdjian Conducted an Aggressive Marketing Campaign & Presented the Sellers with SEVEN Offers to Choose From!
• Team Sherbetdjian Conducted an Aggressive Marketing Campaign & Presented the Sellers with SEVEN Offers to Choose From!
• Gave All Competitive Buyers an Opportunity to Walk Through the Property and Return with Their Best and Final Terms
• Shant Sherbetdjian Negotiated For an "AS-IS" Condition Sale Which Included NO REPAIRS and NO CREDITS | Property Was Delivered 100% Occupied
• Our Team Worked Hand-in-Hand with the Sellers for Preparing Their Books & Records Items in Time for the Buyer's Inspection

Investment Highlights

• First Time Offered For Sale in Nearly 30 Years! Family-Owned and Managed for 3 Decades
• Attractive Unit Mix of Primarily 2 Bedroom Units | Prime West Adams Neighborhood
• Culver City Adjacent | Situated just South of Adams Blvd & East of La Cienega
• Opportunity to Invest in a Growing Location | Rental Upside Potential Nearing +/- 135%
• Many Recent Capital Improvements Provides for a Strong Current Cash Flow
• Separately Metered for Gas & Electricity | Desirable Building Layout
• On-Site Covered Parking (For Select Units) | Additional Income from Laundry Room
• Minutes to Culver City Arts District, Leimert Park, Beverly Grove and the West Side