2617 Halldale AveLos Angeles, CA 90018

This exceptional 9-unit apartment building in Los Angeles' desirable West Adams neighborhood presents a compelling investment opportunity. The property, built in 1904, boasts 4,724 square feet of living space situated on a substantial 7,402 square foot lot. The well-maintained building comprises a desirable unit mix including two 2-bedroom/1-bathroom units, four 1-bedroom/1-bathroom units, and three studio units. Currently generating a Net Operating Income (NOI) of $67,380, the property offers a 3.98% capitalization rate (Cap Rate) based on the asking price of $1,695,000. A pro-forma NOI of $141,201 indicates significant upside potential, reflecting a 71% rental upside. The property's location provides convenient access to Downtown Los Angeles, West Hollywood, Century City, and Culver City, contributing to its strong long-term appreciation potential. The price per unit is $188,333, and the current Gross Rent Multiplier (GRM) is 14.99. This property offers a rare combination of strong current income, significant upside potential, and a prime location in a thriving Los Angeles market. The address is 2617 S Halldale Ave, Los Angeles, CA 90018.