Description
An exceptional opportunity presents itself with this remarkable 8-unit apartment building, ideally situated in the coveted Hancock Park area. Boasting an outstanding unit composition, a majority of the units are designed in a townhome-style layout, enhancing their appeal. The property exclusively features spacious 2-bedroom units, and there exists substantial potential for increased rental income. Unit 3 will be delivered vacant. Meticulously maintained, this property offers astute investors the chance to leverage prevailing market rates, which are significantly higher than the current rental rates. Nestled amidst predominantly single-family residences and opposite multi-million dollar homes, this building enjoys an enviable location. Perfectly located in favorable Third Street School District. This is an extraordinary investment opportunity not to be missed!
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16BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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9,382SQFT
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$394$/SQFT
School Ratings & Info
Description
An exceptional opportunity presents itself with this remarkable 8-unit apartment building, ideally situated in the coveted Hancock Park area. Boasting an outstanding unit composition, a majority of the units are designed in a townhome-style layout, enhancing their appeal. The property exclusively features spacious 2-bedroom units, and there exists substantial potential for increased rental income. Unit 3 will be delivered vacant. Meticulously maintained, this property offers astute investors the chance to leverage prevailing market rates, which are significantly higher than the current rental rates. Nestled amidst predominantly single-family residences and opposite multi-million dollar homes, this building enjoys an enviable location. Perfectly located in favorable Third Street School District. This is an extraordinary investment opportunity not to be missed!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.