$1,800,000
$1,700,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
4,604 SqFt
SOLD DATE : 02/21/2025
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,604 sqft
Price per Sqft $390
MLS Listing ID 25485753
Sold Date 02/21/25
Bedrooms 8
HOA Y/N No
Year Built 1953
Lot Size 6,002 Sqft
Property Description
Rare opportunity to purchase this 6 unit building for the first time in 60 years. Major upside potential, come take advantage of the existing super charming units and add your personal touch to this trophy property. Currently consisting of (2) two-bedroom units and (4) one-bedroom units. Located on a charming, tree-lined street, the building is 4,604 gross square feet and sits on a 6,002-square-foot lot. Residents enjoy a 97 walk score with unparalleled access to world-class dining, retail shops, and entertainment along the renowned Beverly Blvd & 3rd Street. Beverly Hills is just minutes away, and Cedars Sinai next door. This prime location ensures excellent connectivity via San Vicente Blvd and Beverly Blvd, offering both lifestyle and convenience. With lovely, responsible tenants in place and easy maintenance features, this offering presents a value-add investment opportunity, offering a 3.83% initial CAP rate with the potential to achieve 9.04% once units turnover. Don't miss your chance to own a piece of this thriving community next to world class medical services, culture, and entertainment.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Disposal, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
View Y/N No
View None
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Faces West
Story 2
Entry Level One
Sewer Other
Architectural Style Contemporary
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4334001006
Special Listing Condition Standard
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Bought with Shirel Ohevzion • Equity Union
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