One Unit Delivered Vacant! Location! Location! Location! 4408 Russell Avenue The Russell Residences is a seven-unit 4,816 square foot multifamily property comprised of (6) 1+1s and a renovated 2+1, located in the extremely desirable Los Feliz neighborhood. The Russell Residences, situated in a stellar location which has superb schools, easy access to DTLA, The San Fernando Valley, and is enticing to both Buyers, Investors, and Tenants. A new buyer can add value by conducting renovations to the units, common areas, and exterior to increase their yield and stabilize at a 7.0% cap rate. Not only that, an Owner/User can occupy one or more of the units as their own residence or office space at a fraction of the price for a condo or townhome in the same location.
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