SOUTH LA PORTFOLIO
$19,600,000
UNITS
LOT SF
HIGHLIGHTS
118
99,103
76,872
Enrique Viramontes is pleased to introduce a unique opportunity to purchase a four-property multifamily portfolio, offered for the first time in over 20 years. Comprised of 118 units on nearly 100,000 square feet of land across seven parcels in the heart of Los Angeles, each building ranges from 17 to 50 units, featuring onsite parking, independent gas and electricity meters, and various recent upgrades.
The properties offer immediate returns at current income levels, with potential for a 75% increase in rental income through aggressive management, as market rents continue to rise. South Los Angeles is known for its resilience, with historically low vacancy rates and consistent rent growth. Current Section 8 vouchers offer competitive rates for various unit sizes.
Strategically located near major freeways, employment centers, entertainment, and transportation options, the properties are minutes from SOFi Stadium, the new Intuit Dome, BMO Stadium, and Los Angeles International Airport.
ZONING
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