Seismic Retrofit Completed; Two Units Fully Remodeled; Additional income from Pass-through of Capital Improvements to Tenants Post Covid; Desirable North Hollywood Location; Unit Mix Consists of Three 2 Bedroom ( one and two baths) and Two 1 bedroom units; 5 On-Site Parking Spaces; 100% Rent Collection; The property offers a current Cap rate of 4.8%. Rents can be increased post- Covid by the allowable pass-through amount for the retrofit correction. Units are large and bright and average 923 square feet of space. First Floor apartments each have a generously sized private patio and upstairs units have large balconies and a private deck. The convenient location of this asset represent a Value-Add opportunity that is well suited for strong returns over the term of the investment.
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