This exquisite 32-unit residential income property stands out with gorgeous French Normandie design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8… Read More beautiful (1 bedroom, view units with French windows) including a non-conforming, owner's unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a waiting-list to get into the building. Vacancies have historically been filled through word-of-mouth. The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents. Read Less
Courtesy of Equity Union 818-989-2000
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
32
Square Ft.
22,582
Lot Size
0.21 Acres
Year Built
1928
MLS Number
25549363
30 Days Snapshot Of 90027
$2.06M
-16%
(avg) sold price
9
-35%
homes sold
57
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
22,582 sq ft, Built in 1928, Levels: One, Attached, Normandy
Cooling
Wall/Window, Window Unit(s)
Disclosures
None
Garage
None
Heating
Wall
Laundry
Laundry Area
Lot
LotAcreage: 0.2065, LotSizeArea: 8,994
Parking
TotalParking: 0
Property
NumberOfUnits: 32, ViewDescription: Hills, City Lights, ViewYN: 1, Zoning: LAR3
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