Residential Income Details
Classic 8-Unit adjacent to Miracle Mile w/ nice mix of 5x1BRs, 2x2BRs, and 1xSingle, w/ hdwd floors. New detached 6-carport roof in 2013 & entire building re-roofed in 2008. Building is exempt from LA City Retrofitting requirement (documentation on file). Income shown reflects Nov. 1st 3% increase; additional income from oil & gas leases is appx $800 yr plus value added income potential from laundry rm if coin-op machines are installed. Explore the major upside potential in this high dynamic growth neighborhood! Close to practically everything from this desirable Fairfax corridor location - restaurants, museums, synagogue, church, laundrymat, & Vons all nearby w/ new Metro-Line station coming to Fairfax & Wilshire. This neighborhood is on the move! Property sold "As-Is". Drive by only - Please do not disturb tenants. Buyer agrees to cooperate with Seller's 1031 Exchange at no additional cost to Buyer.
|Number of Units||8|
|Listing Brokerage||Coldwell Banker Residential Br|
|Listing Agent||Damon Kronsberg|
|Listing Agent BRE #||00893572|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, September 7, 2018.
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