$2,395,000
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.
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Listed by Jody Katz with Estates & Trusts Realty, Inc (310) 930-9200
Property Type
Residential Income
Status
Active
MLS Number
26655479
Year Built
1951
Lot Size
6,386 sq ft