Exceptional six-unit income property ideally located in one of Los Angeles' most desirable rental markets, just moments from West Hollywood, Melrose Avenue, Sunset Boulevard, and countless restaurants, shopping, entertainment, and major employment centers. This well-maintained traditional apartment building offers outstanding curb appeal and reflects years of exceptional pride of ownership,… Read More presenting a rare opportunity to acquire a quality multifamily asset in a highly sought-after location.Over the years, ownership has invested extensively in the property's long-term infrastructure and building systems through numerous capital improvements designed to enhance value and minimize deferred maintenance. Major upgrades include seismic foundation bolting, electrical panel and breaker upgrades, partial sewer line replacement, seismic gas valve installation, extensive plumbing improvements, roof repairs, exterior painting, garage and walkway improvements, laundry room enhancements, and completion of the SB-721 balcony inspection.Several units have been thoughtfully updated over the years with renovated kitchens and bathrooms, updated flooring, fresh interior paint, new fixtures, appliances, water heaters, and numerous plumbing and electrical improvements, creating an attractive living environment for tenants while reducing future capital needs. The property also benefits from additional garage income, providing an attractive supplemental revenue stream.Combining stable in-place income, extensive capital improvements, strong pride of ownership, and an exceptional central Los Angeles location, this is a rare opportunity to acquire a well-maintained investment property with long-term appreciation potential and excellent rental demand. Read Less
Courtesy of Douglas Elliman 310-595-3888
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,912
Lot Size
0.15 Acres
Year Built
1954
MLS Number
26847683
30 Days Snapshot Of 90046
$2.60M
0%
(avg) sold price
0
-100%
homes sold
50
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven, Gas/Electric Range, Built-Ins, Range/Oven
Building
3,912 sq ft, Built in 1954, Levels: One Level, Traditional
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