A panoramic view of a city skyline near 1522 Hi Point, featuring tall buildings and a colorful sky.

Multifamily listing

1522 hi point

sold in

Picfair Village

18 Units in Picfair Village @ 100% of Listed Price

Sold At

$

3,500,000

18

Number of Units

1972

Year Built

11,766

SF

Square Footage

16,988

SF

Lot Size

N/A

Zoning

1522 Hi Point St, Los Angeles, CA 90035

About the Property

  1. Significant upside for potential investors

  2. Great location just south of Pico, btwn La Cienega & Fairfax

  3. Large lot size approx. 17,000 SF, zoned LAR3

  4. Bright and spacious units averaging over 650 square feet

  5. ALMOST 30% UPSIDE IN RENTS

  6. Most units are due for rental increase

  7. Units have excellent layout with very large walk-in closets

18

Number of Units

1972

Year Built

11,766

SF

Square Footage

16,988

SF

Lot Size

N/A

Zoning

1522 Hi Point St.
Koreatown / Mid-City

Listed Price

$

Number of Units

18 Units

Price per. Unit

$194,444

Bldg. Size

11,766 SF

Price per Foot

$297

Lot Size

16,988 SF

Year Built

1972

Current CAP

4.44%

Market CAP

6.59%

Zoning

N/A

Download the OM to view Property Highlights, Financials & Sales Comparables

Price P/ Unit

$194,444

Price p/ Sq. ft.

$297

Proforma Cap Rate

6.59%

Contact

Sales agent

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Privacy Policy

310 968 7005

Kenny Stevens DRE# 01991628

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Privacy Policy

310 968 7005

Kenny Stevens DRE# 01991628

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Privacy Policy

310 968 7005

Kenny Stevens DRE# 01991628

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Privacy Policy

310 968 7005

Kenny Stevens DRE# 01991628