Description

941 & 945 N Cedar Street (2 properties for a total of 24 units) *Upgraded Community includes New Exterior Paint and Siding, Landscaping, Windows, Security Gate with Intercom, and Planter Boxes *Double Lot with Two Parcel Numbers *Good Unit Mix of One- and Two- BedroomsEleven of the Units are Fully Renovated; Three are Partially Renovated; and 10 are Not Yet Renovated *Assumable Fixed Rate Loan: 3.64% interest rate *Convenient access to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024) *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.