Property Description

This exceptional multi-unit property, offered for sale for the first time in over 50 years, presents a unique investment opportunity in a prime location just steps away from the world-renowned Sunset Blvd. Comprising three units, all delivered vacant, the property features an excellent unit mix with studio, 1-bedroom, and 2-bedroom layouts. The spacious units average approximately 538 square feet each and offer tremendous rental upside—over 57% potential increase in rents. Some units come with private balcony/patio spaces, and select units boast beautiful city views. Recent upgrades include a brand new 100-gallon water heater, a recently replaced sewer line, and a newly replaced staircase. The property is separately metered for gas and electricity and includes on-site laundry facilities (1 washer/1 dryer leased), as well as parking for tenants with seven parking spaces (six tuck-under, one surface). Located on a large 6,597 SF lot zoned WDR4, this property offers the perfect opportunity for investors looking to capitalize on a prime, high-demand area.