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Fully stabilized 4-unit!! Seller financing available with 50% down, 5.5% interest rate. Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
Property Type(s):
Residential Income
| Last Updated | 6/20/2024 | Year Built | 1937 |
|---|---|---|---|
| Community | Mid-Wilshire | County | Los Angeles |
Price History
| Prior to May 8, '24 | $1,995,000 |
|---|---|
| May 8, '24 - Jun 20, '24 | $1,950,000 |
| Jun 20, '24 - Today | $1,895,000 |
Additional Details
| APPLIANCES | Dryer |
|---|---|
| AREA | Mid-Wilshire |
| GARAGE | Shared Driveway, Side by Side, Uncovered |
| LOT | 6499 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Shared Driveway,Side By Side,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Buckingham Investments, Inc
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