6922 Glasgow Ave, Los Angeles, CA 90045

Property Description

Triplex in trending Westchester neighborhood of Los Angeles! Currently one of the most sought after multifamily rental pockets due to recent major area development and in-place prime demographics which include an average household income of $90,782 within a 1 mile radius and a population of 830,616 residents and 321,000 employees within a 5 miles radius to draw upon. Ease of management unit mix: 1 bed 1 bath 750 sq. ft. |1 bed 1 bath 750 sq. ft. | 2 bed 1 bath 1,025 sq. ft. 1 unit to be delivered vacant 1 bed 1 bath. Market cap rate 4.01%. Clean building with large updated units and well laid out floor plans with an emphasis on functionality and natural lighting. Tenants enjoy in unit washer/dryer and rear on-site garage parking. Neighborhood walk score of 83 highlighted by a 3-minute walk to the newly built Interchange at La Cienega Retail Center anchored by Amazon Fresh. 5-minute drive to Ralphs, CVS, Smart & Final, Starbucks, and Trader Joe's. 10-minute drive to Loyola Marymount University, Pepperdine University West Los Angeles Graduate Campus, Westfield Mall Culver City, The Promenade at Howard Hughes Center, Los Angeles International Airport, SoFi Stadium, Kenneth Hahn State Recreation Area, Ballona Creek Bike Path, and Dockweiler State Beach. Superior access to the 405 Freeway. Bonus upside/value add LAR3 zoning optional rear ADU or JADU add on project or full development of 12 units by right, 16 units with existing TOC overlay. See property website link for offering memorandum and more details!