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.
Los Angeles, CA
Asking Price: $1,200,000
Cap Rate: 7.47% (Actual) / 8.18% (Pro Forma)
Units: 12 Rooms (10 Co-Living + 2 Apartment Units)
Building SF: 3,696
Lot SF: 3,485
Price Per Unit: $100,000
Price Per SF: $324.68