1754 Federal Ave
Property Description
9 Units in West Los Angeles located on the corner of 1754 Federal Avenue & 11571 Nebraska Avenue near Sawtelle/Japantown with restaurants, cafes & shops. Residential apartment neighborhood conveniently positioned between major Westside commercial districts. Close to Century City shopping, restaurants & entertainment. Close to Santa Monica & Venice beaches, 405 Freeway is readily accessible. Great Unit Mix consisting of One 3 Bedroom, One 2 Bedroom & 7 One Bedrooms. Fully occupied in strong rental demand area. Easy access to restaurants, shopping & services. Close proximity to UCLA/Westwood. Property has been in the same family for decades. For more detailed information please see OM in documents. Drive By Only Do Not Disturb Tenants.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $2,895,000 |
| No. of Units: | 8 |
| Cap Rate: | 5.5% |
| GRM /GIM: | 8.2 |
| Year Built: | 1966 |
| Building Size: | 7,987 Sq ft |
| Lot Size: | 0.18 Acres |
| APN: | 4261014024 |
| Opportunity Zone: | No |
| Price per unit: | $361,875 |
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