Tiao Properties & the Collective Commercial are proud to present an investor’s dream property in the quickly transforming, up and coming neighborhood of Westlake!
This 5-unit turn-key apartment complex is an incredible opportunity for an investor wanting passive income. The building includes two 2 bedroom/1.5 bath units, two 3 bedroom/1.5 bath units, and one 3 bedroom/2 bath unit.
Centrally located, the property sits around the corner from Silver Lake, Echo Park, and downtown Los Angeles. It’s a short distance from the ever-evolving MacArthur Park and LaFayette Park areas, as well as Westlakes’s hot entertainment spots along Beverly Boulevard.
Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 other freeways, this property includes five resident parking spaces and has the potential for generating additional income.
Priced to sell at $2,495,000, this property enjoys a GRM of 14.12 and a 5.4 cap rate.
With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio!