1411 Federal Avenue, a 10-unit multifamily property with approx. 60% upside in rents and a PRIME West Los Angeles location (two blocks East of Barrington Ave. and just South of Wilshire Blvd. This ideal value-add investment is comprised of (2) 2-bdrm. and 1-bath units, (4) 1-bdrm. and 1-bath units and (4) studio units. Additionally, the property features approx. 6 parking spaces. Please note, the subject property is located 2 blocks South of the METRO Purple Line subway extension located at Federal Ave. and Wilshire Blvd. (est. completion by 2027). Current net annual income of $87,844 and pro-forma net annual income of $180,556. With tremendous rental upside and a prime location near multiple hubs throughout West Los Angeles, 1411 Federal Ave. is the perfect value-add investment opportunity.
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