232 S La Fayette Park Pl, Mid Wilshire/Rampart Village

Price: $3,425,000

Units: 18

232 S La Fayette Park Pl was one of the smoother transactions.  We had worked with this buyer multiple times in the area already.  When we came across this off market deal we knew exactly who to call.  The building provided a nice unit layout with a ton of potential down the road.  Since the sale, the owner has redone some of the units and really started getting some good prices for rent.  This specific buyer likes to hold onto his buildings for quite some time so I don't think we will be selling it anytime soon.  Based on the current rents we know the investor has already made a great purchase at the $3.4M number.