Located in the coveted Faircrest Heights Neighborhood of Los Angeles this beautifully maintained, turnkey investment, with recent upgrades to interiors and exterior competitively offered at a 4.22% Cap Rate and 14.62 GRM. Located in the Faircrest Heights which was named #3 of the Top 10 Hottest Neighborhoods in America. The property is well situated between La Cienega Blvd. and Fairfax Ave. and is just south of Pico Blvd. The 1400 Block of Hi Point Street has witnessed an influx of high-end residential development and the property is located across from the "Crest Five" and "Faircrest Collection" luxury housing developments. Homes on the block are trading for $550/SF and Development Land is trading for $140k/Door. 1454 Hi Point is located within minutes of city's top employers, business districts, entertainment and shopping centers, recreation sites, the city's major thoroughfares, and the long-awaited Metro Purple Line Extension from DTLA to the Westside.
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