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PRICE REDUCES OVER $200,000. Great 1031 property. Annual rents are at least $25,000 below market. Request OM from listing broker for complete details. Walking distance to Wilshire for the tenant. This is a great no frills “newer” building, just south of Wilshire. Solid rental area. Great potential for increased rents. This is one of the few buildings in the area with private parking for all units. Well maintained units with subterranean parking for tenants. Elevator to all floors. Center hallway plan. Individual hot water heaters. 16 parking spaces. Leased laundry machines on each floor. Each unit has its own hot water heater. AT&T entry system. Property is serviced with Spectrum for internet. Wall unit heating and Air conditioning.
Property Type(s):
Residential Income
| Last Updated | 2/21/2025 | Year Built | 1989 |
|---|---|---|---|
| Community | Mid-Wilshire | Garage Spaces | 16.0 |
| County | Los Angeles |
Price History
| Prior to Feb 21, '25 | $4,200,000 |
|---|---|
| Feb 21, '25 - Today | $3,995,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Mid-Wilshire |
| GARAGE | Assigned, Controlled Entrance, Covered, On Site, Private, Underground, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 6764 sq ft |
| LOT DESCRIPTION | 11-15 Units/Acre |
| PARKING | Assigned,Controlled Entrance,Covered,Underground,On Site,Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | LAR4 |
Location
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Listed with Hatkoff Investments
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