Property Detail

Description

1950's era 6-unit up/down apartment building in great rental area. This building is nestled amongst single family homes in a neighborhood that is primarily SFR, two, three and four unit apartment buildings. The building consists of 6 - 1-bedroom 1-bath apartments and a small car port. Building is pleasant and a perfect upleg target for a 1031 exchange out of a duplex, triplex or fourplex. There are four rents currently being collected that are well below market which provides an opportunity to an astute investor to realize this upside which is estimated to be 25.41%. Three units receive Section 8 assistance. San Vicente Boulevard in this area is a grand, wide street with a green belt median. At it's March 25, 2026 meeting, Metro Rail's board of directors voted to select the San Vicente - Fairfax alignment as the locally preferred alternative for a planned extension of the K Line to Hollywood. The K line extension of Metro Rail through this area should enhance access in the coming years and contribute to demand for apartments in the area. The building is located in a Mid-city Los Angeles location, which is north of the 10 Freeway and south of Wilshire Boulevard. This area enjoys a central locality and is just south of the Miracle Mile, close by car to Downtown Los Angeles, Hollywood and Beverly Hills. This property is surrounded by a vast pool of companies and traditional employers as well as educational institutions and government facilities. This contributes to the strong demand for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. Please call listing agent for more information and please to not walk on the property or disturb the tenants.