Marcus and Millichap is pleased to present the opportunity to acquire 16-units in the Westmont neighborhood of South Los Angeles. Built in 1960, this two-story apartment building sits on approximately 18,010 +/- SF of land and is comprised of nine (9) 2bed/1bath units, six (6) 1bed/bath units, and one (1) large 2bed/1.5 bath "owner's" unit which includes a street facing balcony and a three-sided fireplace. The property will be delivered with the "owner's" unit and one (1) 1bed/1bath unit vacant, allowing a potential investor the oppurtunity to immediately add value by renovating and bringing in tenants at market rates. The property also features on-site laundry, alley access, and three (3) covered two car garages, which are currently being used as storage by the owners of the property. With on-site parking in the back of the property, these garages could potentially be rented out to tenants as additional parking or can be converted to storage units, bringing in additional income.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
