A+ locale 2 blocks South of Wilshire & only $342k/door! Land value alone is $2.3mm - Compare to sold comps 1617 Barry, 1450 Butler, 1301 Saltair & 1747 Stoner! Don't miss this extremely rare & unique 7-unit apartment "compound" comprised of 4 standalone buildings including a triplex with 2-1+1s and a studio unit, a duplex with a 1+den+1 and gigantic private patio (delivered vacant) and another studio unit upstairs, and 2 freestanding 1+1 bungalows! Exploit tremendous value add opportunity with basic cosmetic improvements or add up to three (3) ADU's (~$ 6000/month add'l income) (check with city) utilizing the 5 vacant garages OR possibly four (4) ADU's and one (1) extra unit (~$10000/month add'l income) provided that an additional parking space can be created (check with city) for a total of up to 12 units! Or, re-imagine into the condo/townhouse complex of your dreams on this 50'x140' [Q]R3-1 corner lot with rear alley access. Centrally located between Brentwood, Westwood, and Santa Monica and amongst million dollar condos and high demand rental units, this exceptional property offers a plethora of possibilities and upside making this the perfect owner/user, developer, or 1031 exchange property. On-site laundry & NO soft story retrofit requirement. Sold "as-is" w/ no credits or repairs. Please do not disturb tenants or walk the property.
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