Property Detail

Description

Rare 6-unit multifamily investment opportunity in the Westlake area of Los Angeles. Originally built in 1924, this approximately 6,780 SF multifamily asset sits on a 7,591 SF LAR3-zoned lot and features an attractive large-unit mix consisting of two (3-Bedroom, 3-Bath) units, two (3-Bedroom, 2-Bath) units, and two (2-Bedroom, 2-Bath) units, along with five private garages. Current ownership has completed significant improvements and unit reconfiguration designed to enhance functionality and appeal to today's rental market. Ownership reports plans and permits have been obtained for the ongoing improvements. Seller-provided projections indicate strong income potential upon stabilization. Located minutes from Downtown Los Angeles, Koreatown, Echo Park, Silver Lake, MacArthur Park Metro Station, LA Live, major employment centers, and transportation corridors. Large-unit multifamily inventory of this scale is increasingly difficult to find in central Los Angeles. Additional property, permit, and financial information available upon request. Property is being sold AS-IS. All information is deemed reliable but not guaranteed. Buyer is advised to independently verify all information including permits, plans, approvals, zoning, square footage, unit configurations, projected income, expenses, and all other matters affecting the property.