Welcome to this charming 8-unit apartment building, featuring classic Spanish-style architecture in the coveted Country Club Park neighborhood. Nestled amidst tranquil single-family homes, this impeccably managed property offers a serene setting, gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, this property presents significant income… Read More potential, with rents currently below market value. It consists of eight units (seven 1-bed/1-bath units and one 2-bed/1-bath unit), generating a total monthly income of $13,183. Additionally, six out of seven garages provide extra rental income opportunities. Recent enhancements include newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. The property also boasts upgraded garages, driveways, and a modern surveillance system. Each unit is separately metered for gas and electricity. One unit has been tastefully remodeled with new appliances. The property passed its housing inspection in October 2023 and offers easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and strong future potential, this investment opportunity is not to be missed. Two units will be delivered vacant at close of escrow (C.O.E.). Please refrain from entering the property or disturbing the occupants. Read Less
Property listed by Ivy Realty Co., Ki Seon Im 213-386-8888
Listing Snapshot
Days Online
61
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,634
Lot Size
0.24 Acres
Year Built
1934
MLS Number
25501581
Additional Details
Building
Built in 1934, Building area total: 5,634, Levels: Two, Living area: 5634, 2 stories, 2 buildings, Architectural style: Spanish
Community
Gated
Cooling
None
Garage
7 spaces
Heating
ForcedAir
Income
Gross income: $158,212
Laundry
None
Lot
0.2409 acres, 10,494 square feet, Size: 10,494
Parking
7 totals parking, Garage
Pool
None
Property
Zoning: LAC4
Security Features
GatedCommunity, SmokeDetectors
Tenant Pays
Electricity, Gas
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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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