Attractive 6-unit multifamily investment property in prime Mid-Wilshire / Beverly Hills adjacent location. Built in 1951, this 6,537 SF apartment building features six spacious 2-bedroom units (mix of 2B/1BA and 2B/1.5BA layouts) on an LAR3-zoned lot. Two units delivered vacant for immediate lease-up with rental upside potential. Recent capital improvements include soft-story seismic retrofit (2023), new roof (2023), and interior renovations. Covered parking. Strong rental demand area near Pico Blvd, La Cienega, Miracle Mile, LACMA, and Beverly Hills. Ideal opportunity for multifamily investors or 1031 exchange buyers seeking Los Angeles income property with value-add potential. Financial figures reflect scheduled/stabilized rents. Income and expenses are estimated. Buyer to conduct independent due diligence to verify rent roll, income, expenses, tenancy status, RSO regulations, zoning (LAR3), square footage, and development potential. Property sold as-is. Trust sale. No court oversight required. Seller and Broker make no representations or warranties. Some photos are digitally staged.
Listing courtesy of Listing Agent: Jody Katz (jody@estatesandtrustsrealty.com) from Listing Office: Estates & Trusts Realty, Inc.
Listing sold by Jody Katz from Estates & Trusts Realty, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.