This is a great opportunity to own a well-maintained pride-of-ownership building, located in the highly desirable community of Palms, with amazing opportunities in rents and value. This building has had the same owner for years and has drought resistant front landscaping and a gated front entrance and driveway. This property features six (6) one bedroom, one bath units and two (2) two bedroom and two bath units. Four (4) of these units were recently renovated with high-end finishes that can attract very high rental rates. There is also a great opportunity to complete the renovation of three (3) units that were partially renovated and the one (1) unrenovated unit. The soft story retrofitting has not been complete, but the ownership has a bid to complete the work. The building is approximately 6,720 Sq. Ft. situated on an R3-1 TOC Tier 3 zoned 8,387 SF. FT. lot. The building has 8 parking spaces, has an on-site laundry room, is individually metered for gas and electric, and has a newer roof. The property is sold in As-Is, Where-Is condition and may be subject to court confirmation. The property is conveniently located on the West Side of Los Angeles located in the community of Palms, in very close proximity to Culver City. Located just a short distance away are some of LA's hippest retail and restaurants along Venice Boulevard.
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.
