Description
FANTASTIC VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE! Huge almost 50% upside in rents. This darling well kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. It consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. The 2+1 unit in the 4-plex will be delivered VACANT at close of escrow. There are 5 gated parking spots in the back of the property. Two 2+1 units have laundry inside. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. Huge lot might offer a potential to build ADU (buyer to verify with the city). It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied. The building passed the Systematic Code Enforcement inspection in 2020. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
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7BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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3,260SQFT
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$397$/SQFT
School Ratings & Info
Description
FANTASTIC VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE! Huge almost 50% upside in rents. This darling well kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. It consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. The 2+1 unit in the 4-plex will be delivered VACANT at close of escrow. There are 5 gated parking spots in the back of the property. Two 2+1 units have laundry inside. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. Huge lot might offer a potential to build ADU (buyer to verify with the city). It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied. The building passed the Systematic Code Enforcement inspection in 2020. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.