Seeking a financial partner for an 11 unit appartment complex in West Los Angeles, CA

[Kyle Tanner]

Seeking a financial partner for an 11 unit appartment complex in West Los Angeles, CA

Current owner can no longer depreciate the building and is looking to 1031.

Asking is 2.8m + 2 pts (not on market)

11 units - gross rents = $17,315/mo or $207,780/yr
Only 4 of the 11 units are under a lease.
Fair Market Rents would be an additional $3,400/mo

Current Operating Expenses = $5,267/mo or $63,204/yr

Net Rents (before increases) = $12,048/mo


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