A rare opportunity to acquire a charming 8-unit apartment building showcasing classic Spanish-style architecture in the coveted Country Club Park neighborhood. Tucked among tranquil single-family homes and gated off Pico Boulevard, this impeccably maintained property offers both privacy and long-term investment appeal. Built in 1934 on a generous 10,494 sqft… Read More lot, the asset presents significant upside potential with rents currently below market value. The property consists of eight units, including seven 1-bed/1-bath units and one 2-bed/1-bath unit, generating a total monthly income of $13,557. Six out of seven garages provide additional rental income opportunities, further enhancing cash flow. Each unit is separately metered for gas and electricity, offering operational efficiency for ownership. Recent capital improvements have elevated the property's curb appeal and functionality, including newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. Upgraded garages, improved driveways, and a modern surveillance system add both value and convenience. One unit has been tastefully remodeled with new appliances. Ideally located with easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA, this fully leased asset delivers stable income with strong future potential. Two units will be delivered vacant at close of escrow (C.O.E.), presenting additional opportunity for repositioning or market rent adjustments. Please do not enter the property or disturb the occupants. Read Less
Property listed by Ivy Realty Co., Ki Seon Im 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
9
Square Ft.
5,634
Lot Size
0.24 Acres
Year Built
1934
MLS Number
26652077
Additional Details
Building
Built in 1934, Living area: 5634.0, 2 buildings, 2 stories, Levels: Two
Community
Gated
Cooling
None
Heating
ForcedAir
Income
Gross Income: $162,684
Lot
0.2409 acres
Parking
7 total parking spaces, Garage
Pool
None
Security Features
GatedCommunity, SmokeDetectors
Taxes
Parcel Number: 5081023011, Zoning: LAC4
Tenant Pays
Electricity, Gas
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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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