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Executive Summary

TFS Properties, Inc. is pleased to present the exclusive sale of the Villareal Co-Living House located in Lincoln Heights (Los Angeles, CA).  This is an excellent investment & redevelopment opportunity to acquire a stabilized, high-yield multi-family property with zoning ordinances that allow for creative redevelopment in Lincoln Heights (Urban Innovation Zone).

Villareal Co-Living House is strategically located in the heart of Lincoln Heights, adjacent to PUC Excel Charter Academy.  The subject property is within minutes from Interstate Highway 5, LAC + USC Medical Center, Dodger Stadium, & Chinatown. Property will be sold “as-is.”  Owner has reinvested more than $150,000 in recent improvements & renovations, including installation of brand new electrical panels.

* Villareal Rooming House is a multi-family complex consisting of:

( 2 ) 1 Bedroom + 1 Bathroom Apartments mixed with co-living tenants sharing:

( 1 ) 3-Room Unit & ( 9 ) Single Room Units which share ( 2 ½ ) Bathrooms & Common Kitchen Area / Balcony Space.

Project Location

Los Angeles, CA

Offering Analysis

Asking Price: $1,200,000
Cap Rate: 7.47% (Actual) / 8.18% (Pro Forma)
Type: Multi-Family
Built: 1910
Units: 12 Rooms (10 Co-Living + 2 Apartment Units)
Zone: LAUI
Building SF: 3,696
Lot SF: 3,485
APN: 5410-018-003
Price Per Unit: $100,000
Price Per SF: $324.68