Welcome to an exceptional investment opportunity in the heart of Los Angeles, California. This 9-unit apartment complex offers a potential for growth in one of the city's most coveted neighborhoods.
Property Highlights:
Prime Location: Situated in a highly desirable area of Los Angeles, this property offers convenient access to major attractions, including the renowned Hollywood Walk of Fame, upscale dining, shopping, and entertainment options.
Diverse Unit Mix: This property boasts a diverse unit mix, featuring 6 spacious 1-bedroom, 1-bathroom units, 2 cozy studios, and 1 expansive 2-bedroom, 2-bathroom unit, catering to a variety of tenant preferences.
Copper Plumbing Pipes: The property features copper plumbing pipes, offering durability, reliability, and peace of mind for both tenants and investors.
New Water Heater: A newly installed water heater ensures efficient hot water supply throughout the complex, enhancing tenant comfort and satisfaction.
Cosmetic Rehab Opportunity: Due to deferred maintenance, this property would benefit from a cosmetic rehab to restore its charm and maximize its potential. With the right improvements, investors can enhance the property's appeal and command higher rental rates, resulting in increased cash flow and long-term appreciation.
Income Potential: Despite its current condition, this property presents an excellent opportunity for consistent rental income and long-term appreciation, given its strong rental history and high demand for housing in the area.
Assigned Parking: Eight assigned parking spaces provide added convenience for residents and contribute to the property's appeal in a city where parking is at a premium.
Well-Maintained: Meticulously maintained grounds and common areas create a welcoming atmosphere for residents, fostering a sense of community and pride of ownership.
Location:
Centrally located in Los Angeles, this property offers easy access to major transportation routes, allowing residents to explore the city's vibrant culture and attractions with ease. From world-class entertainment to outdoor recreation, everything you need is just moments away.
Investment Potential:
With its prime location, modern amenities, and diverse unit mix, this 9-unit apartment complex presents a rare opportunity for investors to capitalize on the dynamic Los Angeles rental market. Don't miss out on the chance to own a piece of this thriving neighborhood and unlock its full potential.