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  • Property Type
    MultifamilyProperty Type
  • Total Units
    3Total Units
  • Asking Price
    $1,735,000Asking Price
  • Unit Mix
    2BRUnit Mix
  • In-Place Rents
    $3,365In-Place Rents
  • Year Renovated
    2022Year Renovated

Description

Experience a rare value-add opportunity in vibrant West Los Angeles with 11565 Iowa Avenue, a fully renovated low-rise multifamily asset boasting three spacious units. Originally built in 1928 and extensively refreshed in 2022, the property blends historic charm with modern finishes, featuring private outdoor seating and patio areas ideal for today’s renter preferences. Each of the three units averages 731 rentable square feet, delivering desirable one-bedroom layouts with high-end fixtures and in-unit laundry hookups.

Priced attractively at $1,735,000 ($791.51 per square foot), this...

Documents

Offering Summary

  • Asking Price
    $1,735,000
  • Price PSF
    $792
  • Price/Unit
    $578,333

Sale Details

  • Cap Rate
    5.20%
  • NOI
    $90,293
  • Stabilized Cap Rate
    5.89%
  • Stabilized NOI
    $102,173
  • In-Place Cap Rate
    5.20%
  • In-Place NOI
    $90,293
  • GRM
    14.32
  • Potential GRM
    13.04
  • In-Place Rents
    3,365
  • Market Rents
    3,695

Documents

Property Address

11565 Iowa Avenue
Los Angeles, CA 90025

Property Details

  • Property Type
    Multifamily
  • Total Units
    3
  • Available Units
    1
  • Occupancy
    67%
  • Unit Mix
    2BR
  • Average Unit Size
    731 SF
  • Average Rent
    3,365 $/mo
  • Year Built
    1928
  • Year Renovated
    2022
  • Zoning
    R3-1
  • APN
    4261-013-022

Property Details

Deal Team

Filip Niculete profile image
Filip Niculete

Description

Experience a rare value-add opportunity in vibrant West Los Angeles with 11565 Iowa Avenue, a fully renovated low-rise multifamily asset boasting three spacious units. Originally built in 1928 and extensively refreshed in 2022, the property blends historic charm with modern finishes, featuring private outdoor seating and patio areas ideal for today’s renter preferences. Each of the three units averages 731 rentable square feet, delivering desirable one-bedroom layouts with high-end fixtures and in-unit laundry hookups.

Priced attractively at $1,735,000 ($791.51 per square foot), this...

Documents

Offering Summary

  • Asking Price
    $1,735,000
  • Price PSF
    $792
  • Price/Unit
    $578,333

Sale Details

  • Cap Rate
    5.20%
  • NOI
    $90,293
  • Stabilized Cap Rate
    5.89%
  • Stabilized NOI
    $102,173
  • In-Place Cap Rate
    5.20%
  • In-Place NOI
    $90,293
  • GRM
    14.32
  • Potential GRM
    13.04
  • In-Place Rents
    3,365
  • Market Rents
    3,695

Documents

Property Address

11565 Iowa Avenue
Los Angeles, CA 90025

Property Details

  • Property Type
    Multifamily
  • Total Units
    3
  • Available Units
    1
  • Occupancy
    67%
  • Unit Mix
    2BR
  • Average Unit Size
    731 SF
  • Average Rent
    3,365 $/mo
  • Year Built
    1928
  • Year Renovated
    2022
  • Zoning
    R3-1
  • APN
    4261-013-022

Property Details

Deal Team

Filip Niculete profile image
Filip Niculete
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