LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal for investors.… Read More The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024. Read Less
Courtesy of Apple Tree Realty 213-465-4858
Listing Snapshot
Days Online
93
Last Updated
Property Type
Other
Beds
8
Square Ft.
8,594
Lot Size
0.18 Acres
Year Built
1966
MLS Number
26640199
30 Days Snapshot Of 90020
$2.53M
+347%
(avg) sold price
7
+40%
homes sold
109
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Gas, Oven, Ceiling Fan, Range/Oven, Refrigerator
Building
8,594 sq ft, Built in 1966, Levels: Two
Cooling
Air Conditioning
Disclosures
As Is
Accessibility Features
None
Exterior Features
Stucco, Balcony
Fireplaces
None
Foundation
Block, Slab, Quake Bracing, Pier and Beam, Concrete Perimeter
Garage
Covered Parking, Gated
Water Features
Water: Public, Meter on Property
Heating
Wall Gas
Kitchen
Counter Top, Granite Counters
Laundry
Community
Lot
LotAcreage: 0.1838, LotSizeArea: 8,008, Fenced, Gated Community, City
Miscellaneous
None
Parking
CoveredParking: 13, TotalParking: 13
Pool
PoolYN: False, None
Property
NumberOfUnits: 14, Zoning: LAR4, Balcony
Roof
Bitumen
Sewer
In Street
Spa
Has spa, None
Utilities
Central Water Heater
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