Your chance to add a classic Mid-Century 5-Plex Apartment Building to your L.A. real estate portfolio. A classic bread-and-butter rental building, with great bones and authentic mid-century character throughout. 3 of 5 units will be DELIVERED VACANT! 12 Bedrooms and 10 Bathrooms total (with a mix of 3BR units and 2BR units). This building is solid, with the following highlights: Soft-Story Retrofit Complete + 10 Car Parking + Coin-Operated Laundry Room Onsite. Lovingly Cared for by long-term on-site owner. One kitchen has been updated, the others are original. There is new flooring in several units. Interior pictures and general inspection condition report are available upon request! Originally constructed in 1959, and quintessentially authentic for its era. Many similar buildings have been revamped with a "Palm Springs" vibe, where those remodeled units rent for $4500+/month (for 3 BR). See private remarks for pro-forma analysis. See Docs manager for OM (with rent rolls and expenses). Shared or private garden with 2 bountiful lemon tree in the rear. Highly-sought PRIME A+ Faircrest Heights neighborhood (right next to Beverlywood, Beverly Hills, & Cedar Sinai Hospital). Lots of great shopping and dining nearby, and centrally located in the HEART of the City!
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