Description
I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.
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22BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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9,270SQFT
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$383$/SQFT
School Ratings & Info
Description
I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.