Introducing a rare opportunity to own a well-maintained 5-unit multifamily property in the highly sought-after Beverly Hills Adjacent neighborhood. This prime asset offers significant value-add potential, with current rents averaging roughly 25% below market. The unit mix includes (4) spacious three-bedroom apartments and (1) studio. The three-bedroom owner's unit will… Read More be delivered vacant, presenting an immediate opportunity for income maximization. All three-bedroom layouts boast expansive living spaces, making them ideal for an owner-occupier. Recent capital improvements include a seismic retrofit (2025) and SB-721 balcony compliance (2025), minimizing future capital expenditure risk. Buyer may also recover up to 50% of the EQ retrofit costs through Tenant pass-throughs. Additional highlights include 10 parking spaces, an on-site laundry facility, and individually metered gas and electric utilities, enhancing Tenant convenience and operational efficiency. Located in a highly walkable neighborhood, just minutes from top-tier restaurants, retail, parks, and amenities, this property is a rare find for investors and possible owner-occupiers. With strong long-term appreciation potential and immediate income upside, this is an opportunity not to be missed. Read Less
Property listed by Westside Estate Agency Inc., Trevor Bergher 310-247-7770
Listing Snapshot
Days Online
64
Last Updated
Property Type
Other
Beds
12
Square Ft.
5,750
Lot Size
0.13 Acres
Year Built
1958
MLS Number
25586741
30 Days Snapshot Of 90035
$1.79M
-11%
(avg) sold price
3
-66%
homes sold
72
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1958, Building area total: 5,750, Levels: Two, Living area: 5750, 2 stories, 1 building
Heating
ForcedAir
Income
Gross income: $175,308, Net operating income: $114,548
Based on information from California Regional Multiple Listing Service, Inc. as of 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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