1455 W 106th St, LOS ANGELES

HIGHLIGHTS

• Unit Mix: Excellent Unit Mix consisting of (1) 3 Bed/1 Bath
  Unit, (1) 2 Bed/1 Bath Unit, and (4) 1 Bed/1 Bath Units
• Strong Day 1 Income w/ Significant Rent Upside:
• Current CAP Rate: 6.52%
• Current GRM: 9.87
• Market CAP Rate: 9.63%
• Market GRM: 7.46
• Rent Upside: 33%
• Expansive Lot Size: The building sits on 8,504 SF of land,
  which is exceptional for the submarket
• Ample Parking: Due to the large lot and efficient lot
  coverage, each tenant is afforded its own on-site parking
  space, which is especially valuable in this parking impacted
  submarket
• Separately Metered: Property is separately metered for gas
  and electricity
• On-Site Laundry: The property benefits from on-site laundry
  generating additional income
• Capital Improvements:
• Roof was updated in 2020
• Significant electrical upgrades in recent years