We are proud to present to market "Courtleigh 10", a 90% VACANT 10 unit multifamily investment property, composed of mostly one and two bedroom units situated on a 8,102 SF, LAR3 zoned lot, in the dynamic coastal community of Mar Vista, CA! RTI Plans will be delivered at COE to convert current studios to 1 bedroom units, and the vacant 2 bed 1 bath unit to 2 bed 2 baths. The opportunity to add value and cash flow with this investment is significant and immediate. Resulting from the dramatic rise in asking rents in recent years, the potential market rental amount for most investment properties far exceed what most tenant occupied investments actually offer in income. This asset is perfect for investors seeking a market based yield today! Once the potential market rents are in place, this investment is projected to exceed the expected GRM and CAP rate expectations for this submarket!
|Last Updated||5/17/2019||Year Built||1962|
|Community||C12 - Marina Del Rey||County||Los Angeles|
|AREA||C12 - Marina Del Rey|
|LOT||8102 sq ft|
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