Property Details

Price $4,795,000

Year Built 1960

# of Units 20

Price P/ Unit $239,750

Sq. ft. 8,286 SF

Price p/ Sq. ft. $579

Current Cap Rate 5.36%

Proforma Cap Rate 6.31%

Lot Size 9,381 SF

Zoning LARD2

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About the Property

337 N. Benton is a twenty unit turnkey property, located one mile south of Sunset Blvd, offered at a 5.61% CAP and 11.39 GRM. Please note, the property is offered with 3.45% assumable financing that is fixed until 2030. Located near Echo Park and Silver Lake, the property’s in-demand location offers a wide selection of beloved food destinations, trendy boutique retailers, iconic nightlife venues, and several cultural landmarks, including Echo Park Lake and Dodgers Stadium. Current ownership recently upgraded the property with new HVAC, electrical, plumbing, tankless water heaters, and a new roof. All units are renovated and feature recessed lighting, wood laminate flooring, updated cabinetry, stainless steel appliances, and a wall A/C unit. Property amenities include 13 side-by-side parking spaces (no retrofitting required), a laundry room with coinless machines, and a storage room with space for each tenant.

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