Detailed Introduction Of This Home
COMPLETELY RENOVATED IN 2019; Originally a 4-unit, this apartment building on an R3 Tier 1 TOC lot was expanded to 6 modern apartment units with a excellent unit mix (2 1-bedrooms, 2 2-bedrooms, and 2 3-bedrooms). This quintessential LA 6-unit was completely gutted and renovated with new plumbing, electrical, ductless HVAC, cabinetry, full appliance sets, landscaping, etc. It features modern amenities such as AC and in-unit laundry but has kept its charm. Between Sunset and Fountain, and bordering West Hollywood, this quiet street is near the famous nightlife of Sunset and Santa Monica Blvds as well as the Melrose shopping district. Buyers may have the ability to add more units by right, add ADUs in the large backyard, or just hold for cash flow! ASSUMABLE NOTE AT 3.13% THAT EXPIRES IN 2026 AVAILABLE. Next rate adjustment is in 2026 with a maximum rate increase of .5% every 6 months. The 6 electric meters are in each tenant's name. 4 units are currently enrolled in RUBS for gas, water, sewage and trash; take the opportunity to institute RUBS for the other 2 on unit turns or negotiations when the COVID moratorium is over in February and one can increase rents up to 7% per LAHD! Due to the moratoriums, a couple of units are under market, leaving meat on the bone for the next owner. Please do not disturb tenants. Showings are allowed with an accepted offer.