Executive Summary
Growth Investment Group is pleased to present an exceptional 24-unit investment opportunity in the heart of Highland Park—one of the most sought-after and rapidly evolving neighborhoods in Los Angeles. Ideally located within walking distance to the vibrant retail and dining corridor along Figueroa Street and the Highland Park Station, this property offers tenants unparalleled convenience and connectivity.
The building has undergone significant capital improvements, including renovations to 22 of the 24 units, along with plumbing upgrades and updated electrical panels. The property features a highly desirable unit mix of 20 one-bedroom units, 2 two-bedroom units, and 2 studio units. All units are individually metered for gas and electricity, helping to minimize owner expenses.
Current ownership has strategically positioned the asset for continued growth, with RUBS already implemented and additional upside potential remaining in rents. The property is being offered with attractive in-place financing at a 3.7% fixed interest rate through June 2029, allowing a new owner to achieve an estimated 8%+ return from day one.
This is a rare opportunity to acquire a well-located, renovated asset with strong in-place cash flow and meaningful future upside in one of Northeast Los Angeles’ premier rental markets.