This 11 unit, four-story condominium development, built in 1992, is available for the first time in over 25 years! With unit sizes ranging from 1,296 sq. ft.-1,611 sq. ft., this property located in Prime Palms is the ultimate opportunity to renovate the property and the units and sell as separate condos! Each condo comes with a tandem parking space in the secured semi-subterranean garage that is accessed from the alley behind the property. This asset also works well for a professional apartment building renovator to completely remodel the building and the units and substantially increase rents to market. This property is not subject to Los Angeles City rent control! The property is conveniently located approximately 0.3 miles east of the San Diego (405 Fwy) Freeway and approximately 0.2 miles south of the Santa Monica (10 Fwy) Freeway. The area surrounding the property consists mostly of single family homes, small apartment buildings and condos. The property is just 2.5 miles southwest of Century City. All units are well laid out, spacious 2 bedroom/3 bathroom units and all units have multiple balconies with incredible views! The current rents are well below market. This property has substantial deferred maintenance and needs a renovation inside and out. This is a developers dream project!
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.
