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Excellent opportunity to own 7 units, Zone: LA-R3 (for development-minded investors)! Apartment community located in the high demand rental area of Mid-Wilshire, South of Olympic,1.8 miles from Crypto.com Arena & LA Live, near Korea town, USC, & Public Transportation. The complex consist of a mix of six (6)-1bed/1bath units, & one (1) -spacious upstairs & downstairs front unit consisting of 4beds/2baths, living rm, dining rm, wash rm off kitchen & kitchen nook. Each unit has separate mailing address, 1204-1208 1/2 Fedora St. Total of Ten (10) bedrooms & eight (8) bathrooms situated on a 5904 square foot parcel. There are 7 DWP meters & 2 Gas meters located on the property. Seller pays Water for 7 units and Gas for 6 units. Front unit pays their own Gas with their designated Gas meter. ALL Tenants pay their own Electricity & Trash. There is continued gentrification of the surrounding areas & on Fedora Street which is added value for new owner to renovate or tear down & reconstruct to achieve superior future returns moving forward. GRM 10.6 determined with Pro Forma rents and purchase price. Interior viewings will be scheduled with submitted offers to LA1. More photos coming soon. Property to be sold in "As-Is/Where-Is" Condition.
1,853 Sq ft
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Listing Agent: Hollie Frey
Listing Office: EXp Realty Of California Inc
Attribution contact: 888-584-9427