This opportunity will not last! Subject Property is an eight (8) unit apartment building located in a very coveted area in Los Angeles County. The Subject Property currently has 6 vacant units that are boarded up and only two units are occupied. The apartment building is situated on a large 17,552 SF lot zoned R4-2D CPIO. This investment provides multiple options for a real estate investor but will require renovations to command market rents for all units. An alternative would be to have a developer complete entitlements and conduct a major redevelopment.
Listing provided courtesy of
, RJ Real Estate Investments, Inc
Additional Property Details
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Gross Operating Income
The Westside is known for its picturesque neighborhoods and suburban living with a glamorous edge. Bordered by the Santa Monica Mountains and still close enough to catch an ocean breeze on many days, this area beckons with plenty of green space, great restaurants, and leisurely shopping. UCLA provides a wealth of cultural opportunities giving this area the feel of a college town on a grand scale.
Westside real estate ranges from large estates to older homes on smaller lots. Home to more than a few celebrities, Brentwood is an affluent neighborhood with many larger single-family homes for sale some on large lots. Winding canyon roads are rimmed with homes that delight with stunning city views and tranquil hillsides. Brentwood offers fantastic recreation at the local country clubs and parks. It’s no surprise that business professionals, celebrities, and other Los Angeles notables make their home here. Brentwood real estates also features some condos and apartment living.
Westwood is a magnet for academics and professionals and offers a wide variety of academic and cultural opportunities. This area has plenty of single-family homes for sale in the neighborhoods surrounding UCLA as well as high-rise condo towers flanking Wilshire Boulevard. UCLA was founded in 1926 and many of the homes in the area surrounding the campus are rich in historic charm.
Surrounding areas include Beverlywood, Culver City, Cheviot Hills, Rancho Park, Del Rey, Palms-Mar Vista, and Westchester.
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