Description
Huge value-add opportunity located in prime Beverly Grove location with 90% upside potential based on the market rents, Future Development potential, R3 zone TOC tier 4, or owner occupancy. This four unit apartment building features massive units averaging approximately 1,400 square feet each. Great unit mix of four (4) two-bedroom/two-bathroom units. Nice floor plans and great potential. Covered parking included for each unit. Property has a great walk score of 82 and is just a stone's throw from LA's best shopping and dining on Third Street, The Grove and Farmer's Market. Ideally located walking distance to Beverly Hills, Beverly Center, Cedar Sinai, and LACMA. Transportation is also made easy by access to nearby transportation hubs including the LA Metro, San Vicente Blvd, Santa Monica Blvd, and 101 & 10 Freeways. This well-positioned property presents a once-in-a-lifetime opportunity for an investor to capitalize on immense rental upside and strong appreciation in one of the most desired and sought-after areas in LA.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Huge value-add opportunity located in prime Beverly Grove location with 90% upside potential based on the market rents, Future Development potential, R3 zone TOC tier 4, or owner occupancy. This four unit apartment building features massive units averaging approximately 1,400 square feet each. Great unit mix of four (4) two-bedroom/two-bathroom units. Nice floor plans and great potential. Covered parking included for each unit. Property has a great walk score of 82 and is just a stone's throw from LA's best shopping and dining on Third Street, The Grove and Farmer's Market. Ideally located walking distance to Beverly Hills, Beverly Center, Cedar Sinai, and LACMA. Transportation is also made easy by access to nearby transportation hubs including the LA Metro, San Vicente Blvd, Santa Monica Blvd, and 101 & 10 Freeways. This well-positioned property presents a once-in-a-lifetime opportunity for an investor to capitalize on immense rental upside and strong appreciation in one of the most desired and sought-after areas in LA.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.