Closed Listing
18 Units in Picfair Village @ 100% of Listed Price
1522 hi point
sold in
Picfair Village
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
Significant upside for potential investors
Great location just south of Pico, btwn La Cienega & Fairfax
Large lot size approx. 17,000 SF, zoned LAR3
Bright and spacious units averaging over 650 square feet
ALMOST 30% UPSIDE IN RENTS
Most units are due for rental increase
Units have excellent layout with very large walk-in closets
1522 Hi Point St.
Koreatown / Mid-City
Offering Price
$3,500,000
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$194,444
Price p/ Sq. ft.
$297
Proforma Cap Rate
6.59%
Contact
Sales agent
Related
Closed Listings
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