We are proud to present "HI POINT 18", an 18 unit multifamily asset located on 1522 Hi Point Ave, Los Angeles, CA 90035. This property in situated in the community of Faircrest Heights, a rental pocket of LA well known for its proximity to West Hollywood to the North, Beverly Hills and Century City to the West and Culver City to the South. Residents enjoy the best selection of restaurant options, galleries and retail stores as well as easy access to freeways. This property is situated on a huge 17,003 SF lot that is zoned LAR3 and is designated as a Tier 3 TOC location, allowing for the potential of a high density redevelopment up to 38 units. The ingoing CAP Rate and GRM are very competitive with trending market expectations. With the recent drop in interest rates from last year, perhaps the last great market opportunity is presenting itself now to borrow below the asset's rate of return, making for an ideal time to strike on assets like this one well positioned for growth.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
