A tremendous opportunity to own a unique and rare four-plex compound on a combined 7,340 sqft. flat lot in West Los Angeles located only moments from Sepulveda Expo line metro station running from Santa Monica to DTLA, multiple bus lines including ones to UCLA campus, nearby access to the 405… Read More freeway, and numerous restaurants, shops and markets. The properties span two lots, both lots are zoned R3, so you can enjoy the historically strong rental income and/or look toward future development. The complex is comprised of three separate free-standing buildings, each of which has its own distinctive design and character. The front building is a two-story structure with upper and lower 2 bed, 1 bath apartments. Each unit has warm hard wood floors and a flex space, perfect for an office or dining room, and with no shared walls. The second building is another two-story structure but designed as single apartment at the rear of the lot. This light and bright unit, with laminate wood flooring throughout, has an open floor plan downstairs with a large living/dining area with fireplace, remodeled bath and cook's kitchen. Both bedrooms and second remodeled bath are up, with a small den/ office that can also be used as a third bedroom. The third building is designed as an industrial loft and spans almost 2000 sqft. This unit features a double door entry from the street opening to an expansive room with polished concrete floors, soaring 13-foot ceilings, cook's kitchen, powder room and an upstairs sleeping area with wood flooring, spacious closet and remodeled private bath. All the units have some off-street parking and their own private washers and dryers. This complex offers the savvy investor strong monthly income, good asset appreciation, and the opportunity for future development. Please do not disturb tenants. Showings with accepted offer only. Read Less
Property listed by Compass, James Bremner 310-259-7556
Listing Snapshot
Days Online
88
Last Updated
Beds
7
Square Ft.
4,412
Lot Size
0.17 Acres
Year Built
1938
MLS Number
26671893
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1938, Living area: 4412.0, 3 buildings, 2 stories, Levels: One, Two, MultiSplit
Disclosures
SellerDisclosure
Income
Gross Income: $161,712, Net Operating Income: $115,234
Interior Features
CeilingFans
Lot
0.1706 acres
Parking
5 open parking spaces, 5 total parking spaces, Assigned, Driveway
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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