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Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,084 sqft
Price per Sqft $324
MLS Listing ID 23260239
Sold Date 01/12/24
Bedrooms 16
HOA Y/N No
Year Built 1951
Lot Size 0.316 Acres
Property Description
We are excited to showcase this unique, fully vacant eight-unit property in the heart of Westchester, Los Angeles. An exceptional opportunity for value-add investors and owner-users, the building offers eight spacious two-bedroom one bath units that are primed for renovation. The potential to add Accessory Dwelling Units (ADUs), subject to state and local laws, offers an additional avenue for enhancing the value and revenue of this property. The opportunity to rent at market-rate rentals post-Ellis Expiration on November 3, 2023, provides an appealing prospect in the thriving rental market of Westchester. With its close proximity to major employers, recreational venues, and esteemed educational institutions, this property is ideally positioned to attract a diverse tenant pool. This unique offering presents a rare opportunity to invest and establish a presence in one of LA's most in-demand neighborhoods, capitalizing on the building's current vacancy and potential for transformation.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4125017020
Special Listing Condition Standard
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Bought with Out of Area Out of Area • Out of Area
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692