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About the Property

Neighboring the Rampart asset, 450 S Benton Way is a 3-story, 18-unit 1920s apartment building located on a quiet street. The unit mix consists of 18 single (0+1) units. The charming entryway features wood-paneled walls and original period mail slots. The asset is extremely well maintained inside and out and features a security camera monitoring system. The building is master metered for gas (separately studded) and separately metered for electric. The tenants share the 15 surface level parking spaces in the adjacent parking lot.

With a new tenant demographic moving in to revamp storefronts and forge new hotspots, the area is attracting a more high-end, cutting-edge clientele looking to live/work in/next to the thriving Downtown LA market. Residents have access to these trendy bars & eateries, entertainment venues, and the quintessential Los Angeles lifestyle. The local influx of new tenants has created a tenant pool willing to pay top dollar for an urban lifestyle and trendy interior finishes. The ever-growing appeal of the Westlake neighborhood and the strong rental upside potential make these assets an ideal value-add investment opportunity for an investor looking to capitalize on huge rental upside potential through capital improvements and unit/common area renovations.