6753 Selma Avenue

  • Los Angeles

  • $3,450,000
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Residential Income Details

Description
$350,000 PRICE REDUCTION! We are pleased to present The Selma Apartments. We believe the unique circumstances of the offering (DELIVERED FULLY VACANT & C-4 ZONING) allow for three distinct investment strategies. #1 - Asset Conversion Play - The Selma Apartments offer a opportunity for an investor to reposition the asset and convert it into an assortment of uses. The property is zoned C-4, allowing it to be converted into a number of possibilities, including but not limited to: office, medical and retail space as well as hospitality, to name a few (buyer to verify). #2 - Multi-Family Apartment Play - The property will be delivered fully vacant. The vacancy allows for a unique opportunity for an investor to renovate and rebrand the property and bring all units to market rent. #3 - Development Play - Zoned LAC4, this parcel presents a promising opportunity for a developer to build, by right, 15 apartment or condo units in a very dense rental pocket of Hollywood (buyer to verify).
Essential
MLS #17240432
Price$3,450,000
Number of Units11
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageKeller Williams Silicon Beach
Listing AgentJonathan Prakash
Listing Agent BRE #01483131
Co-Listing AgentDerrick Vartanian
Co-Listing Agent BRE #01816119
Interior
Exterior
Community
AreaC20 - Hollywood
Address6753 Selma Avenue
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90028
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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, November 21, 2017. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.