Property Detail

Description

A four-unit multifamily property in Los Angeles' Miracle Mile / Mid-Wilshire area, built in 1927 on a 6,750 SF lot with a 3,173 SF building. The unit mix includes one studio, two 1BR/1BA units and one 2BR/2BA unit. The studio and two-bedroom are leased at market rents, while both one-bedroom units have been renovated and will be delivered vacant, giving a buyer immediate lease-up at market rents or the option to occupy a unit while collecting income from the rest. The property includes two permitted ADU spaces of approximately 668 SF each, offering potential to expand from four to six units. Five parking spaces on site. Central location near Museum Row (LACMA, Academy Museum, Petersen, La Brea Tar Pits), The Grove and Original Farmers Market, with easy access to Beverly Hills, Century City, Hancock Park and Koreatown. Ideal for an owner-user or value-add investor. Buyer to independently verify all ADU permits, plans, dimensions and square footage.