Altman Apartments Portfolio – 7 Assets 7 Properties Offered at $37,941,489 CAD in Los Angeles, CA

PRICE IMPROVEMENT — now $27,298,000, reduced $701,000 across six of seven assets. A seven-asset Central Los Angeles multifamily portfolio: 171 income units across 55,805 rentable SF under single ownership, at $489/SF, offered at a blended 6.76% in-place cap rate rising to 7.51% pro forma.
AGGREGATE NOI: $1,846,446 in place rising to $2,049,835 pro forma, on a blended GRM of 7.98 — a durable Central-LA cash-flow base with mark-to-market and repositioning upside.
BALANCED STABILIZED + VALUE-ADD MIX: Cash-flowing renovated core assets (Royal Viking, Alvarado, 27th Street, Wilton Place) paired with higher-yield repositioning plays (Pads on Pasadena, The Victorian at 11th Place, Toberman House).
IRREPLACEABLE, TRANSIT-RICH FOOTPRINT: Westlake, Hollywood, Pico-Union, Historic South Central, DTLA / South Park and Lincoln Heights — dense, renter-dominated submarkets with deep, budget-oriented demand. Roughly 1.3 million residents within five miles of the portfolio's center of gravity.
SCALE — OR FLEXIBILITY: Acquire the entire portfolio for operating scale and efficiency in a tight geographic cluster that supports shared management, staffing and vendor efficiency — or select individual assets. The Seller will consider both structures.
Full OM, proforma, T-12 and rent roll available on each asset. Full co-broke offered.