846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.
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