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$6,350,000 – 8 Unit Brand New Construction in Mid-Wilshire (Los Angeles, CA)

Overview

Olympic Eight offers a unique unit mix of extraordinarily large and well appointed units. The property has two units per floor, with a mix consisting of 50% 3bd+2.5ba units (four units), 38% 2bd+2ba units (three units), and one 1bd+1.5ba unit. The anticipated rents range from $3,000 – $4,350, with some of the units currently rented in this price range during the lease up phase.

The property is **not** subject to LA City rent control. Rents can therefore be adjusted to increase periodically so as to keep up with inflation. This property represents a unique opportunity to own a high quality, stable investment in a development constrained environment with high demand for rental housing.

CLICK HERE FOR OFFERING MEMORANDUM

Offering Price:
$6,350,000

Total Units:
8

Building SF:
12,804

Lot Size:
0.16 Acres

Year Built:
Nov 2018