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We offer FOR SALE this value-add 10-unit two-story walkup apartment building in the Mid-City of Los Angeles. Built in 1958, the property offers 8 - one bedroom/one bath and 2 - two bedroom one bath apartments and according to the Los Angeles County Tax Assessors office, 7,652 square feet of building area. There are several very low rents providing very good future rental upside. There are two vacant units and a good possibility of a third, (please contact listing agent for more information on this.) The location is two blocks east of Crenshaw Blvd and just north of Olympic Blvd. This area enjoys a central locality and is close by car to Downtown Los Angeles, the Miracle Mile, Hollywood, Mid-Wilshire and Beverly Hills. This building is surrounded by a vast pool of traditional employers in almost every conceivable industry as well as educational institutions, government facilities and small businesses of every sort and kind. This contributes to the strong mandate for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. Please refrain from walking on the property and please do not disturb the tenants. For more information, please call the listing agent.
Property Type(s):
Residential Income
| Last Updated | 3/17/2025 | Year Built | 1958 |
|---|---|---|---|
| Community | Hancock Park-Wilshire | Garage Spaces | 3.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Hancock Park-Wilshire |
| CONSTRUCTION | Stucco |
| GARAGE | Carport, Yes |
| HEAT | Wall Furnace |
| LOT | 8367 sq ft |
| LOT DIMENSIONS | 50 x 163 |
| PARKING | Carport |
| SEWER | Other |
| STORIES | 2 |
| STYLE | Mid-Century Modern |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR1-1HPOZ |
Location
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Listed with James F. Gilb
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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