Property listed by Miller & Desatnik Realty Co., Carolyn Schneider 310-202-9166
$4,500,000
A rare opportunity to acquire a highly desirable 13 unit building in a prime West Los Angeles location. Long term owner and first time on the market in over 30 years. Building is in impeccable condition and has benefited from several key improvements such as the completion of the required… Read More seismic retrofit, balcony inspection, updated electrical (panels & breakers replaced), most kitchen and baths updated as well as the replacement of most windows and the installation of an entry glass security door, and security gates. Beautiful 'zeroscape' landscaping has been recently installed. The building has a desirable private 3 bedroom penthouse with private patio on the third floor for any potential owner user. Though generating a strong rental income, the property presents significant upside potential through strategic rent optimization, creating a value add opportunity. The building is strategically positioned in Prime WLA and allows for walking access to local markets and shopping, as well as access to Culver City, Century City, Santa Monica and the 405 & 10 freeways. Read Less
Listing Snapshot
Days Online
39
Last Updated
Beds
16
Square Ft.
9,112
Lot Size
0.24 Acres
Year Built
1962
MLS Number
26653641
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1962, Living area: 9112.0, 1 building, 3 stories, Levels: ThreeOrMore
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $350,796, Net Operating Income: $207,072
Lot
0.2397 acres
Parking
Carport
Taxes
Parcel Number: 4254005024, 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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