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Welcome to this charming 8-unit apartment building, featuring classic Spanish-style architecture in the coveted Country Club Park neighborhood. Nestled amidst tranquil single-family homes, this impeccably managed property offers a serene setting, gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, this property presents significant income potential, with rents currently below market value. It consists of eight units (seven 1-bed/1-bath units and one 2-bed/1-bath unit), generating a total monthly income of $13,183. Additionally, six out of seven garages provide extra rental income opportunities. Recent enhancements include newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. The property also boasts upgraded garages, driveways, and a modern surveillance system. Each unit is separately metered for gas and electricity. One unit has been tastefully remodeled with new appliances. The property passed its housing inspection in October 2023 and offers easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and strong future potential, this investment opportunity is not to be missed. Two units will be delivered vacant at close of escrow (C.O.E.). Please refrain from entering the property or disturbing the occupants.
Property Type(s):
Residential Income
| Last Updated | 2/24/2025 | Year Built | 1934 |
|---|---|---|---|
| Community | Hancock Park-Wilshire | Garage Spaces | 7.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Hancock Park-Wilshire |
| GARAGE | Garage, Yes |
| HEAT | Forced Air |
| LOT | 10494 sq ft |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Spanish |
| ZONING | LAC4 |
Location
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Listed with Ivy Realty Co.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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