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$ 2,325,000
Est. payment | /mo
12 Beds
12 Baths
11,032 SqFt
$ 2,325,000
Est. payment | /mo
12 Beds
12 Baths
11,032 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,032 sqft
Price per Sqft $210
MLS Listing ID 24387385
Bedrooms 12
HOA Y/N No
Year Built 1936
Lot Size 10,789 Sqft
Property Description
This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis. This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants. Property is sold in "As-Is" condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, Cash to New Loan or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Gravity
Fireplace No
Exterior
Parking Features Public
Pool None
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5023018011
Special Listing Condition Standard
Listed by Luther Henderson • Realty Executives Westside
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "