Property listed by Equity Union, Paloma Fierro 818-989-2000
$8,995,000
This exquisite 32-unit residential income property stands out with gorgeous French Normandie design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 6… Read More beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 25 charming large singles (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents. Read Less
Listing Snapshot
Days Online
158
Last Updated
Beds
32
Square Ft.
22,582
Lot Size
0.21 Acres
Year Built
1928
MLS Number
25549363
Additional Details
Building
Built in 1928, Living area: 22582.0, 1 building, 30 stories, Levels: One
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $757,848, Net Operating Income: $462,913
Interior Features
WalkInClosets
Lot
0.2065 acres
Parking
None
Property
CityLights, Hills
Taxes
Parcel Number: 5589022006, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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