Proudly presenting an Exceptional Investment opportunity with this beautiful 12-Unit Apartment in the convenient Wilshire Center neighborhood. This apartment consists of 9 Units of 2bed/2bath, 2 Units of 1bed/1bath and 1 Unit of Single. Each unit is equipped with laundry, refrigerator, hard flooring, many windows for natural light, balcony or common balcony and either City or street views. The Exterior is just freshly painted. Recent Intensive Upgrades include Earthquake Retrofit, replacing sewer lines, new doors at the two entrance areas, adding 2 more parking spaces and meticulous renovations in 4 units with modern kitchens and high-quality finishes. New A/C for 8 units, Stoves for 6 units, and Stacked Laundry for 4 Units were installed in units. 4% RSO rent increase is scheduled on 2/1/2025. Given the property is fully occupied, it suggests steady cash flow with potential for rental income growth. 18 parking spaces with CCTV security are offered. Built in 1963, this well-maintained 3-story property sits on a quiet corner at 4th St and Oxford Ave, just a block East of Western Ave. This is a prime rental area of Los Angeles teeming with countless businesses, markets, restaurants, cafes, schools, banks, shopping, theaters, high-rise buildings, and convenient access to Metro and Bus stations. This subject property is in the heart of Koreatown, where you can experience the trendy Korean food and K-Pop. This is in close proximate to Hancock Park, Larchmont Village, Hollywood, DTLA, and offers easy access to Fwy 101.
Additional Features
- Wall Furnace
- Multi/Split
- City Lights
- Trees/Woods
- Parking spaces: 18.00
- Listing Status: Active
- Listing Agent: Sunhee Kilmer
(lic# 01949622)
of Beverly Hills/Greater LA
- Listing Office: Keller Williams Beverly Hills
(lic# 01428775)
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Based on information from CRISNet MLS as of 24th November 2024 at 6:01pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
