Attractive 6-unit multifamily investment property in prime Mid-Wilshire / Beverly Hills adjacent location. Built in 1951, this 6,537 SF apartment building features six spacious 2-bedroom units (mix of 2B/1BA and 2B/1.5BA layouts) on an LAR3-zoned lot. Two units delivered vacant for immediate lease-up with rental upside potential. Recent capital improvements… Read More include soft-story seismic retrofit (2023), new roof (2023), and interior renovations. Covered parking. Strong rental demand area near Pico Blvd, La Cienega, Miracle Mile, LACMA, and Beverly Hills. Ideal opportunity for multifamily investors or 1031 exchange buyers seeking Los Angeles income property with value-add potential. Financial figures reflect scheduled/stabilized rents. Income and expenses are estimated. Buyer to conduct independent due diligence to verify rent roll, income, expenses, tenancy status, RSO regulations, zoning (LAR3), square footage, and development potential. Property sold as-is. Trust sale. No court oversight required. Seller and Broker make no representations or warranties. Some photos are digitally staged. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
12
Square Ft.
6,537
Lot Size
0.15 Acres
Year Built
1951
MLS Number
26655479
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1951, Living area: 6537.0, 1 building, 3 stories, Levels: MultiSplit
Cooling
None
Disclosures
TrustConservatorship
Heating
Central
Income
Gross Income: $210,000, Net Operating Income: $147,000
Laundry
CommonArea
Lot
0.1466 acres
Parking
4 total parking spaces, Covered
Taxes
Parcel Number: 4333012044, 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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