8-unit apartment building located near prime Hancock Park, one of the most desirable neighborhoods in Los Angeles. Being only a few steps to Melrose Ave, the Property is surrounded by an array of world-famous amenities and destinations, offering an investor the rare opportunity to own a quality asset in a highly coveted rental market. The Property has undergone significant renovations and offers the opportunity to add value through additional renovations. The Property features extremely spacious units with a strong unit mix of (1) 3+2, (2) 2+1, and (5) 1+1 units. 5 out of the 8 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, quartz countertops, new flooring, new kitchen cabinets and backsplashes, new fixtures, new paint, renovated bathrooms, A/C units, and recessed lighting. There are a total of 8 on-site parking spaces, with 4 garage spaces and 4 tandem spaces. Two of the renovated units feature an in-unit washer and dryer and there is a laundry facility on-site. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside.
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.
