Under Contract $5,565,000 - Apartment buildings
First time ever offered! This high quality investment property has been held in the same family and well cared for since it was originally built in 1958.Located in the heart of Los Feliz, one LA’s most historic and iconic neighborhoods, surrounded by parks, theaters, shops, art centers, and commuter close to the major freeways and employment centers in LA, this building is truly an exceptional and rare opportunity to acquire. One block off Hillhurst. Each apartment is separately metered for gas & electric, and individual water heaters serve each unit. The landscaping and grounds are tastefully maintained.Tuck-under off street parking with gate controlled access. The architecture is mid-century retro-chic and highly sought after in this trending neighborhood. Lots of upside potential to reposition this rent controlled building into the near-luxury market. Excellent long term potential for the most discriminating investment portfolio/buyer. New copper plumbing in 2007. Partial roof replacement in 2014. Seismic retrofit completed in 2018. 4 new HVAC units and water heaters replaced in 2018. Laundry facility on site. Please do not disturb tenants. Showings to pre-qualified buyers by appointment only, please.