The Mar Vista Collection | 6-Building · 68 Units

SALE PRICE: $15,600,000

PRICE/UNIT: $229K     PRICE/SF: $364     GRM: 12.51     CAP RATE: 4.36%

TRANSACTION HIGHLIGHTS

• PRO FORMA CAP of 8.33% and 8.16 GRM

• SIX units to be delivered vacant at the close of escrow

• EXCELLENT unit mix consisting of (5) studios, (48) 1-bed & (15) 2-bed units

• AAA+ prime Mar Vista location adjacent to Palms, Culver City and Venice

• VERY WALKABLE score of 85

• TREMENDOUS value add opportunity with +50% upside in market rents