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Description
The subject property is a 20-unit trophy generational asset in the extremely high-barrier to entry UCLA North Westwood Village housing market which sits on a 9,645 sq.ft. lot.The 12,423 sq.ft. building is comprised of 12 studios and eight 1 bed/1 bath units with 20 parking spaces and a pool.Six units have been recently renovated and 13 of the units will be delivered vacant. Of the leased units, five tenants have been there for less than one year, one tenant has been there "long term," and one of the units is currently occupied by a property manager (rent free).The manager can stay on-board and continue management services if Buyer desires or leave after close of escrow. Excellent location, less than a 10-minute walk to UCLA and a half mile from Westwood Village.
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