8537 Alcott St | Los Angeles, CA 90035

SALE PRICE: $1,575,000

PRICE/UNIT: $315K          PRICE/SF: $281                  GRM: 11.9                 CAP RATE: 5.35%             

TRANSACTION HIGHLIGHTS

• PRIME Pico Robertson Location Sandwiched between Picfair Village & Carthay Cricle

• FIRST time property soldi in 27 years

• TREMENDOUS Value add investment with 48% upside in market rents

• EXCELLENT unit mix consisting of three - 3 bedroom/2 bathroom, One- 2 bedroom/2 bathroom, & One - 1 bedroom/1 bathroom units very desirable for today’s market.

• PROPERTY is well maintained in excellent condition with recently upgraded roof and 100% repiped with copper plumbing.

• COMPLETED earthquake seismic retrofit

• BUYER represented by Michael Monempour