2525 Hauser Blvd Los Angeles, CA 90016

Property Details for 2525 Hauser Blvd

Year built

2024

Property size

7,674 SF

Property type

Commercial real estate

APN

5048-001-031

Description

This exceptional 5-unit apartment building, completed in 2024, presents a compelling investment opportunity in Los Angeles' vibrant Mid-City neighborhood. The property boasts a total of 7,674 square feet of net rentable space, spread across two buildings with three stories each. The meticulously designed units comprise two spacious four-bedroom, four-bathroom townhomes, two three-bedroom, 3.5-bathroom townhomes, and one two-bedroom, 1.5-bathroom unit, all featuring high-end finishes. Each unit includes modern amenities such as designer tiles, quality wood doors, stainless steel appliances, glossy cabinets, large islands, high ceilings, and walk-in closets. The townhomes also offer private balconies and rooftop decks. The property includes eight parking spaces and sits on a 7,020 square foot lot, zoned LARD1.5. Currently 100% leased, the property generates a substantial net operating income (NOI) of $187,955, resulting in an attractive 5.61% capitalization rate. The asking price is $3,349,000, translating to $436.41 per square foot and $669,800 per unit. Additional benefits include separate meters for gas and electricity, a one-year builder's warranty, and a prime location near Culver City, offering easy access to numerous amenities and employment centers. The property's superior construction, desirable unit mix, and high occupancy rate make it an ideal investment for both seasoned and new investors. The property is located at 2525 Hauser Blvd, Los Angeles, CA 90016.