Year-One 4.73% Cap Rate!! 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 4.73% - Pro-Forma cap rate of 8.04%. Average unit size of 892 SF. Ability to convert the 2-bedroom units to 3-bedrooms (plans available) and to convert unit #9 from a 1-bedroom unit to 2-bedrooms to achieve maximum rents. Investors also have the potential to add (2) ADU units, for a grand total of (11) units. The property features (8) parking spots, a laundry room, and storage lockers. With 48.3% 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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