The Ingle Wood is a 9 Unit apartment building, located in Mar Vista, West Los Angeles. Featuring a Terrific Unit Mix of (1) Three- Bedroom/Two-Bathroom unit, (5) Two-Bedroom/Two-Bathroom units, (2) One-Bedroom/One-Bathroom units, and (1) Studio. The Year-One cap rate is 4.49% - Pro-Forma cap rate of 7.69%. Average unit size of 892 SF. Ability to convert the 2-bedroom units to 3-bedrooms (plans available) to achieve maximum rents. The property was built in 1962, features (8) parking spots, a laundry room, and storage lockers. With 51.2% rental upside, and situated in the booming Silicon Beach rental market, this asset is well positioned to be a terrific source of cash-flow & accelerated Appreciation.
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