4 unit apartment building with a detached single-family residence in the rapidly gentrifying neighborhood of Westlake near the Heart of DTLA. The subject property is a 5,019 square-foot, two-story apartment building and single-family residence situated on a 6,509 square-foot gated lot. Monthly rental income is $7,002 per month with huge potential upside!!This property offers an attractive mix of a 4 two-bedroom unit apartment building and a three-bedroom single family residence. The single-family residence has been updated to enhance it's charm with new flooring, new cabinets, granite counter tops with granite backsplash, a newly updated bathroom with vanities and tiling, updated plumbing topped off with a new roof. This home has a single car garage with an electric garage door opener. The exterior of the apartment building and home has new paint, trim and a charming white wrought iron fence enclosing the entire property. The units in the apartment building all have patios with breathtaking views of city lights of Downtown Los Angeles with updated balconies. As one of the city's most exciting gentrifying submarkets, Westlake's desirability is apparent to renters and developers alike due to a centralized location; Downtown Los Angeles adjacent.
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