236 South Vendome Street

236 South Vendome Street is an eight-unit multifamily property located in the dense and highly sought-after Westlake submarket of Los Angeles, CA. Built in 1916, the property spans 1,000 square feet on a 0.30-acre parcel and features a desirable mix of two- and three-bedroom units.

Currently operating at 100% occupancy, the asset provides immediate stabilized cash flow. The offering presents an opportunity to capitalize on consistent rental income in a high-demand market with potential upside through rent adjustments to market rates. Key investment metrics include a net operating income (NOI) of $45,000 and an asking price of $1,900,000, translating to $3,000 per unit and $1,900 per square foot.

The building's vintage condition offers potential for value-add strategies, while its location provides exceptional tenant demand due to proximity to major employment hubs, retail amenities, and public transit. With all units leased and no immediate lease rollover, the asset delivers minimal operational risk and secure income stability. This property is well-positioned for investors seeking a core-plus multifamily opportunity in a proven Los Angeles submarket.