We are very pleased to offer for sale for the first time in over 50 years The San Vicente Apartments, 12 units situated in the highly coveted Wilshire Vista neighborhood of Los Angeles. Located at the SW corner of Curson Avenue and San Vicente, 5804 San Vicente is a beautifully charming 12 unit building that features all one-bedroom units and parking for 10 cars (4 in the back and 6 in the front garage). The San Vicente apartments boast a solid 84 Walkscore, as its located minutes from both The Grove, Beverly Center and Cedars Sinai as well as the upcoming UCLA hospital near the corner of Olympic and San Vicente. The units are separately metered for gas and electric, and the property boasts fully updated plumbing and electrical as well as all new Milgard windows installed with permits in 2020. Priced at $300,000 per unit and $366 per gross square foot, The San Vicente Apartments is an excellent multi-family investment opportunity. In addition to the solid fundamentals, the property offers a new owner over 40% in very achievable income upside potential. Market rents in the area call for a minimum of $2,150 for a redone 1 bedroom unit, making this an excellent multi-family investment property that has been well maintained and cared for with a stable income stream ready to be taken to the next level!
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