Are you looking to invest in a promising property in Los Angeles? Look no further! We are excited to announce an equity sale opportunity in a 8-unit apartment building located at 240 Robinson Street, just south of the trendy Silver Lake neighborhood and minutes from Hollywood and Downtown LA.
Each unit boasts a spacious 1-bedroom/1-bath design with nearly 1,000 SF and is currently being rented at below market rate rents. We have valued the property at $2.5M, but with the planned redevelopment set for 2023, we expect the value to increase to $4M within 1.5 years. For more information, view the Private Placement Memorandum PDF.
I have been flipping and selling income properties for myself and clients for nearly 20 years. I purchased my first apartment building when I was 19 years old and I have flipped many apartment buildings in the 90026 zip code where this property is located. On average, it takes me roughly 1.5 months to flip an apartment building. My final returns land around 40% when done, depending on the project.
Check out of my Past Investments.
In addition to investing and syndicating for over 20 years, I have been a licensed Realtor since I was 23 years old, also specializing in buying and selling properties in this exact area as well for clients. I worked at Sotheby’s Los Feliz, Marcus & Millichap Los Angeles, managed two Keller Williams Realty offices (Downtown LA and Marina del Rey), and Douglas Elliman Beverly Hills.
You can learn about this experience by going to Levine Realtors.