1307 West 112th Street consists of one two-story building that contains three two-bedroom/one-bathroom units and one single.
1307 West 112th Street consists of one two-story building that contains three two-bedroom/one-bathroom units and one single unit, all of which are separately metered for gas and electricity. The property also features six single-car garages. The building was completely renovated in 2016 with new exterior stucco, new copper plumbing, new electrical, updated kitchens with new cabinetry and granite countertops, updated bathrooms, new windows and new flooring. The property is located in a non-rent controlled area close to the major intersection of Imperial Highway and Normandie Avenue and conveniently near the 105 and 110 freeways. Additionally, the property is just 10 minutes from the rapidly developing Hollywood Park site, which will be home to a new professional football stadium and is expected to be the world's most expensive sports complex upon its completion in 2019. With strong cash flow on current rents and additional potential upside, 1307 West 112th Street presents an excellent opportunity to acquire a turnkey asset in a dense rental market.
Offering Memorandum