This Los Angeles condo, located in the desirable Pico-Robertson neighborhood, offers significant rent potential. With 5 units, the estimated rental range is between $7,500 and $18,000 monthly, based on local comps. The payback period could be favorable given the strong rental demand in the area. The property's dual kitchens and separate entrances enhance its appeal for multi-family or shared living arrangements. However, HOA fees may slightly impact profitability.
To enhance rental income, consider cosmetic upgrades such as modernizing fixtures and refreshing interiors. Adding amenities like smart home technology could be appealing to potential renters. If contemplating a sale, highlighting its proximity to Beverly Hills and the property's multi-functional design could attract investors seeking high rental yields.