Description

KW Commercial Beverly Hills is pleased to present this great 14-unit apartment building comprised of 12 Residential units and 2 Retail unit mix. The subject property is located in the historic Fashion District of Downtown Los Angeles. 10 of the units have been fully remodeled in the past couple of years including the kitchens, flooring, and bathrooms. Throughout the whole property some repairs and cosmetic upgrades have been made to the interior and exterior of the premises. The electric has also been rewired. 15 new individual electric meters have been installed and Retail units have 200 AMP electric panels. Cooling and heat are presented as a Gas heater and a wall unit A/C, and the landlord pays for gas, water, and trash. The area subject property is located is its most exciting feature! Downtown Los Angeles is one of the most famous cities in the world. It consists of well-known buildings such as the Los Angeles Convention Center, Crypto.com Arena (formally known as the Staples Center), and the Walt Disney Concert Hall. There are countless events, sports, dining options, and shopping opportunities to explore! Downtown also has many subsections including Chinatown, Little Tokyo, the Arts District, and the Fashion District. The Fashion District spans for 100 blocks in the heart of DTLA. It is the hub of the Los Angeles fashion industry, featuring more than 2,000 independently-owned retail and wholesale businesses with apparel, accessories and footwear. Please refer to document section for full access to Offering Memorandum and financials.