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MySuite at Cara 1743 Butler Ave 8 Unit Apartment Building $6,250,000 ($781,250/Unit) 5.90% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Immaculately Maintained 32 Suite Co-Living Asset
- Suites Appointed with Murphy Beds, Custom Built-Ins Including Refrigerator/Freezers, Smart Televisions, Air Conditioning and Exquisitely Designed
Executive Summary
CBRE, Inc., as exclusive advisor to the Seller, is pleased to present Cara Co-Living--a trophy asset on the Westside of LA in the Sawtelle area. Cara is a 32-suite professionally managed co-living asset priced at a stabilized 6% cap rate with potential for upside.
Immaculately maintained and designed with students and young professionals in mind, the property offers tenants a modern aesthetic with walkability and unrivaled in-suite amenities.
Cara Co-Living is located ±9 minutes by car to UCLA, a ±15-minute walk to the future Metro D Line subway station at Wilshire in Brentwood (projected Fall, 2027), and is less than a 5-minute stroll to Sawtelle Japantown with its incredible array of dining, nightlife and entertainment options.
Current ownership manages the asset with attention to every detail. Suites are appointed with murphy beds, custom built-ins including refrigerator/freezers, smart televisions, air conditioning and exquisitely designed private baths. Each of the eight units has a shared chef’s kitchen and laundry machines serving four suites. Common areas include drought-tolerant landscaping, secure parking and a rear patio with grill, firepit, seating and a sunshade. Weekly cleaning is included, ensuring shared spaces are kept clean and attractive.
Cara Co-Living is an asset that must be seen to be fully appreciated and would be the jewel in any investor’s portfolio.
Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.
Immaculately maintained and designed with students and young professionals in mind, the property offers tenants a modern aesthetic with walkability and unrivaled in-suite amenities.
Cara Co-Living is located ±9 minutes by car to UCLA, a ±15-minute walk to the future Metro D Line subway station at Wilshire in Brentwood (projected Fall, 2027), and is less than a 5-minute stroll to Sawtelle Japantown with its incredible array of dining, nightlife and entertainment options.
Current ownership manages the asset with attention to every detail. Suites are appointed with murphy beds, custom built-ins including refrigerator/freezers, smart televisions, air conditioning and exquisitely designed private baths. Each of the eight units has a shared chef’s kitchen and laundry machines serving four suites. Common areas include drought-tolerant landscaping, secure parking and a rear patio with grill, firepit, seating and a sunshade. Weekly cleaning is included, ensuring shared spaces are kept clean and attractive.
Cara Co-Living is an asset that must be seen to be fully appreciated and would be the jewel in any investor’s portfolio.
Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.
Property Facts
| Price | $6,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $781,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.90% | Building Size | 8,700 SF |
| Gross Rent Multiplier | 9.06 | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2020 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $6,250,000 |
| Price Per Unit | $781,250 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 9.06 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,700 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2020 |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | $1,891 | 175 - 235 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4261-015-018 | Improvements Assessment | $660,000 |
| Land Assessment | $3,100,000 | Total Assessment | $3,760,000 |
Property Taxes
Parcel Number
4261-015-018
Land Assessment
$3,100,000
Improvements Assessment
$660,000
Total Assessment
$3,760,000
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MySuite at Cara | 1743 Butler Ave
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