2744 S Redondo Boulevard

Description

2744 S Redondo Boulevard presents an opportunity toacquire a well-located 4-unit multifamily property in thedesirable West Adams neighborhood of Los Angeles. Theproperty features a highly desirable unit mix consisting of (4)3 bedroom/1 bath units, currently generating just over $11,000in monthly rental income.Priced at $398,750 per unit and $364.82 per square foot, theproperty provides investors with an opportunity to acquire alarge-unit asset in one of Los Angeles’ most sought-afterrental submarkets. The property is currently operating at a5.90% cap rate with approximately 24% rental upside,presenting meaningful potential to increase cash flowthrough rent growth.The property is ideally located in West Adams, offeringconvenient access to Downtown Los Angeles, University ofSouthern California, and major transportation corridorsincluding Interstate 10 and Interstate 110, providingconnectivity to major employment, retail, and entertainmentdestinations throughout Los Angeles.