1342 N Highland Ave - Los Angeles

1342 N Highland Ave presents an exceptional institutional-grade multifamily investment opportunity in the heart of Los Angeles. This 18,335-square-foot building, constructed in 2004, consists of 15 fully leased units, ensuring a 100% occupancy rate. The property spans 0.34 acres and offers modern construction and design in a prime urban location.

With a stabilized cap rate of 6.01% and in-place cap rate of 5.87%, the asset delivers consistent income backed by a stabilized NOI of $480,890 and an in-place NOI of $469,451. The GRM of 12.17 further underscores the attractive pricing metrics. Situated in a highly desirable area of Los Angeles, 1342 N Highland Ave benefits from strong tenant demand and proximity to key employers, retail, and transportation infrastructure.

The property offers market-aligned rents, with no available units, highlighting its operational performance and tenant retention. This asset delivers an excellent balance of stabilized cash flow and long-term value appreciation potential. With a price per square foot of $436 and an asking price of $8,000,000, this offering represents a compelling addition to any institutional multifamily portfolio.