Detailed Introduction Of This Home
We are pleased to present this 8 unit multifamily investment opportunity located in the highly desirable West Adam Heights neighborhood of Los Angeles. Situated in between Mid-City, West Adams, and Koreatown, this property affords ownership and residents a central location with easy access to shopping, dining, transportation (10 &110 Freeways) and much more! The building boasts large units with an excellent unit mix consisting of (5) 2 Bed/1 Bath and (3) 1 Bed/1 Bath units. Built in 1955, the subject property sits on an oversized 9,600 sqft foot lot zoned LARD2. The building has been well maintained over the years, including full copper plumbing, newer water heaters, and roof, and features on-site laundry with 9 parking spaces. There is NO soft story retrofit required. The building has significant upside in rents (33%) making this an excellent value-add opportunity for an investor, with potential to add multiple ADU's for additional income. Residents of this location enjoy the benefits of West Adams Heights, a neighborhood that has witnessed remarkable growth, characterized by an array of new shops, dining establishments, and entertainment (steps away from Washington Blvd!) Do not miss this opportunity to purchase a promising investment opportunity located in a thriving neighborhood of Los Angeles with long-term growth. Interior inspection subject to an accepted offer only, do not disturb current tenants. Buyer to cooperate with seller's 1031 exchange at no cost to buyer.