The subject property presents the opportunity to own in a great location near Pico Blvd and La Brea Ave in the Mid City area of Los Angeles. The building has eight (8) 1+1 units averaging over 625 sqft each. The property provides strong current income with future rental upside potential. All units are separately metered for gas and electricity. Most units have been updated. The subject property has a newer hot water heater and copper plumbing. Assumable Interest Only Loan Fixed Until 2029 at 4.39%. The building is located near Wilshire Vista adjacent to W Pico Boulevard and LA Brea Ave in Mid City. This location offers easy access to the 10 freeway. With close proximity to the ever improving retail outlets and amenities on Pico Blvd and surrounding roads, the subject property is deemed 'very walkable' and boasts a walkability score of 88 out of 100 meaning that most daily errands do not require driving. The property is situated just a few blocks from the Target/Sprouts Farmers market on La Brea, the Mid-Town Crossing center. 1358 S Cochran Ave is in close proximity to employment opportunities at companies such as Google, Hulu and Netflix. Mid City is in a central location and provides easy access to Culver City, Santa Monica, Koreatown, Hollywood and Downtown LA.
|
DAYS ON MARKET
|
162
|
LAST UPDATED
|
11/28/2023
|
|
YEAR BUILT
|
1954
|
COMMUNITY
|
Beverly Center-Miracle Mile
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Beverly Center-Miracle Mile |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Garage, One Space, Yes |
| HEAT |
Wall Furnace |
| LOT |
6881 sq ft |
| PARKING |
Garage,One Space |
| STORIES |
2 |
| VIEW DESCRIPTION |
None |
| ZONING |
LAR3 |
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Listed with Equity Union
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Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/24 12:51 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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