6-unit French Normandy style multifamily property in the charming and rapidly developing neighborhood of Pico-Robertson. Located on a quiet residential block just north of W. Pico Boulevard and east of La Cienega Boulevard, the subject property is adjacent to some of the popular shopping and dining destinations including The Grove, Beverly Center,Miracle Mile, W. 3rd Street and Beverly Hills. 4,869 SF two-story building sits on a 6,344 SF corner lot, and is comprised of (5) one-bedroom and one bath units and (1) studio unit.These bright and spacious units average over 800 SF, and two units have been remodeled to the studs. Additionally, the well-maintained property features an upgraded electrical system, mostly copper plumbing, on-site laundry facility and garage parking for 4 cars with open tandem parking for two cars. 1201 S. Alfred presents a significant value-add opportunity to investors, as current rents are approx. 38% below market value for nicely remodeled units in the area.
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