Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 140 S Occidental Blvd, a 19-unit multifamily investment opportunity located between W 3rd St and Beverly Blvd

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The property, built in 1953, features a unit mix of 17 one-bedrooms and two one-bedrooms with 12 parking spaces

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At the asking price, the property is being offered at $144,737 per unit and $214 PSF at a 5.34% CAP rate on current income with an additional 36% rental upside achievable as units turn

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There is a secure gated entrance and community laundry room with three washers and three dryers; the property is also separately metered for gas and electricity

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The property is well-maintained but can be further enhanced to add value and achieve premium rents through interior renovations including vinyl-plank flooring, recessed lighting, updated kitchens and bathrooms, new appliances, and new windows; there is also a common area where seating and community amenities could be added

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140 S Occidental Blvd boasts a high walk score of 90 with close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle