MAJOR PRICE REDUCTION!! 2 VACANT UNITS - ALL NUMBERS BASED ON PRO-FORMA (PROJECTED) RATES: Introducing an incredible investment opportunity! Welcome to this meticulously maintained 3-unit apartment building, located in the vibrant and thriving West LA neighborhood, just adjacent to Santa Monica. Fully renovated in 2016, this property offers an outstanding opportunity for investors or owner-occupants looking to capitalize on a prime location. The building spans 4,224 sqft and sits on a 5,403 sqft lot. Each of the three units features 3 bedrooms, 2 bathrooms and is in excellent condition. Modern amenities include stainless steel appliances, tankless water heaters, central air conditioning and heating, and in-unit laundry for added convenience. Additionally, the property boasts a 3-car garage and a large storage space, further enhancing its appeal and functionality. The front unit has been recently upgraded with brand-new flooring, fresh paint and is being delivered vacant, making it an ideal choice for immediate move-in or rental. Similarly, the back unit is also vacant and available for new tenants or as a personal residence, offering further flexibility. The middle unit, the smallest of the three, is currently occupied and generates a rental income of $4,200 per month. Residents will enjoy a wide range of dining options, diverse shops, numerous entertainment opportunities and access to excellent schools. With its combination of modern updates, prime location, ample parking, additional storage space, and in-unit laundry, this property represents a rare investment opportunity for those looking to expand their real estate portfolio or find a new place to call home while generating rental income. Don't miss out on this incredible opportunity. Contact us today for more details and to schedule a viewing!
|
DAYS ON MARKET
|
28
|
LAST UPDATED
|
10/23/2024
|
|
YEAR BUILT
|
1942
|
COMMUNITY
|
West Los Angeles
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Oct 23, '24
|
$2,799,000
|
| Oct 23, '24 - Today |
$2,495,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Dryer, Gas Oven, Microwave, Refrigerator, Washer |
| AREA |
West Los Angeles |
| EXTERIOR |
Rain Gutters |
| GARAGE |
Covered, Door-Multi, Driveway Down Slope From Street, Garage, Garage Door Opener, On Street, Yes |
| HEAT |
Central |
| INTERIOR |
Crown Molding, Open Floorplan, Recessed Lighting, Storage |
| LOT |
5403 sq ft |
| LOT DESCRIPTION |
Front Yard, Landscaped, Rectangular Lot |
| PARKING |
Covered,Door-Multi,Driveway Down Slope From Street,Garage,Garage Door Opener,On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
2 |
| STYLE |
Traditional |
| VIEW DESCRIPTION |
None |
| ZONING |
LARD1.5 |
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Listed with Equity Union
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/24/24 8:30 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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