The Growth Investment Group, and Sperry Van Ness are pleased to present Murchison Apartments, a Mid 60’s construction 18 unit apartment building, with a very desirable unit mix of 14- 2’s and 4- 1’s! The property has nice curb appeal, with inviting landscaping and is just awaiting a value add buyer to add some capital improvements to seize the upside potential of the asset. This building has secured parking and gated entry, and just requires a new owner experienced in these types of opportunities as well as Los Angeles Rent Control. There is an estimated 31% upside in
Rents, giving the new owner to achieve market rents aggressively, or over time with a stable asset as properties in Los Angeles continue to appreciate in Value. This is a good opportunity for any size investor whether looking to exchange into something larger, or add to your LA RE Portfolio.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.