7050 Waring Ave, a charming 8-unit apartment building located in the highly desirable La Brea neighborhood of Los Angeles, California. Built in1966, the property consists of (4) two-bedroom + two-bathroom units and (4) three-bedroom + two-bathroom units. The building is 9,728 gross square feet and sits on a 8,157 square… Read More foot lot.Nestled in the heart of the La Brea area, 7050 Waring Ave offers residents a vibrant Los Angeles lifestyle surrounded by renowned dining, shopping, and cultural destinations. Just minutes from MelroseAvenue and The Grove, this property places tenants in one of LA's most dynamic and centrally located neighborhoods.With a Walk Score of 96, residents enjoy easy access to trendy cafes, popular restaurants, boutique shopping, and nightlife hot spots, as well as nearby destinations like Griffith Park and Sunset Boulevard.7050 Waring Ave also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 6.07%, with the potential to reach a 7.70% CAP rate upon unit turnover. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
20
Square Ft.
9,728
Lot Size
0.19 Acres
Year Built
1966
MLS Number
26831155
30 Days Snapshot Of 90038
$1.23M
+16%
(avg) sold price
1
-80%
home sold
166
+219%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
9,728 sq ft, Built in 1966, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
Carport
Heating
None
Lot
LotAcreage: 0.1873, LotSizeArea: 8,159
Parking
TotalParking: 15
Property
NumberOfUnits: 8, Zoning: LAR3
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