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$1,675,000
Est. payment /mo
8 Beds
6 Baths
3,912 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,912 sqft
Price per Sqft $428
MLS Listing ID 26847683
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 6,398 Sqft
Property Description
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, 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Radiant
Flooring Laminate
Fireplaces Type Bath, Dining Room, Family Room
Fireplace Yes
Appliance Gas Range, Oven
Laundry Outside
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
View None
Total Parking Spaces 6
Building
Faces East
Story 2
Entry Level One
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5550023015
Special Listing Condition Standard
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Listed by Ivan Estrada Douglas Elliman #01882046
Nearby Locations
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TNG Real Estate Consultants
Agent | License ID: 01886242
Agent License ID: 01886242