We are pleased to offer for sale an incredible multifamily asset located at 1421 Yale Street in the heart of LA's famed beach city of Santa Monica. Built in 1971, the building boasts an incredible unit mix consisting of all large 2 & 3-bedroom townhouse floor plans (except for one single-level unit). Each of these units is very spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has massive rental upside, as current rents hover around $1.18/SQFT. The unit mix includes (2) 3-bed, 2-1/2-bath townhouse units, (2) 3-bed, 2-bath townhouse units, (1) 2-bed, 1-1/2-bath townhouse unit, and (1) 2-bed, 2-bath standard unit. At only $280/SQFT, this is a fantastic trophy asset in an undeniably attractive location that offers investors a quintessential "value add" opportunity. A quick walk to high-end dining, nightlife venues, and public transportation, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Listing courtesy of Listing Agent: Robert Renshaw (firstname.lastname@example.org) from Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY.
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