FOR SALE | 6720 WEST BLVD| 8 UNITS| $1,800,000

$1,800,000
  • Listing type: For Sale
  • Plot Size 10,286
  • Living Area 6,720
  • Property type: Income Property

Property Description

Non-Rent Controlled 8-Unit Apartment Deal In The Heart Of L.A. With Ample On-Site Parking. The Building Is A 1950 Construction, However Its COO Was Established In The 1980s, And Consequently The Property Is Not Subject To Rent Control (Buyer To Verify). The $1,800 Market Rate Unit Was Recently Remodeled With Updated Kitchen, Bathroom, Etc. & Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other Units & Increase The Cashflow. The C2 Zoned Lot, Which Allows For R4 Uses (Buyer To Verify), Also has Development Potential. Located Just Minutes from The New Florence/West LA Metro Light Rail Station, Which Will Service The Crenshaw Line Upon Its Completion In 2019. The Crenshaw Line Connects The Green & Expo Lines & Will Connect To LAX. This Will Make Pacific Villas Location Extremely Attractive To Commuters & Expand The Desirability Of The Hyde Park Neighborhood. Additionally, The Property Is Less Than 2 Miles From The Hollywood Park Development.

Additional Features

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