Receivership Sale | 15-Unit Apartment Building | Los Angeles, CA

 Investment Highlights

• Infill Los Angeles Location: Located in a dense rental corridor with close proximity to major retailers and local schools, with convenient access to greater Los Angeles.
• Proximity to Major Demand Drivers: Approximately 10 minutes from Cal State Los Angeles (21,000+ students) and USC’s Keck School of Medicine. Average household income within a 1-mile radius is approximately $110,000.
• Efficient Studio Unit Mix with Steady Demand: The Property consists of 15 studio units, catering to a deep renter pool driven by students, medical professionals, and workforce housing demand in the surrounding area.
• Functional Asset with On-Site Amenities: Features include on-site laundry facilities, a full sprinkler system, and underground parking, enhancing tenant convenience and overall property appeal.
• Operational Simplicity with Master Metering: Master-metered utility structure allows for streamlined operations, offering investors the ability to implement RUBS or other expense recapture strategies to improve cash flow.

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a multifamily receivership sale located at 5073 Huntington Drive North in Los Angeles' El Sereno neighborhood, Los Angeles County, California 90032 (the "Property"). With a starting bid of $200,000, the offering presents investors with a rare opportunity to acquire a 15-unit, ±6,400 SF studio building at a compelling basis in one of Los Angeles' most supply-constrained and institutionally supported rental markets.

Constructed in 2006 and zoned LAC4, the Property consists of 15 studio units across four stories, featuring on-site laundry, a full sprinkler system, and underground parking. The master-metered utility structure provides operational simplicity and offers an incoming owner the ability to implement a Ratio Utility Billing System (RUBS) or similar expense recapture strategy to enhance cash flow and overall asset performance. The efficient, all-studio unit mix caters to a deep and durable renter pool driven by students, medical professionals, and workforce housing demand — all of which are abundantly present in the immediate trade area.

Auctioneer: Emilio Lemeni c/o Fisher Auction Company Inc. License: 00961384.