Description

This property is situated in one of Los Angeles' most desirable rental markets, just minutes from Beverly Hills, West Hollywood, and Cedars-Sinai Medical Center. Its prime location attracts high-income tenants seeking a vibrant, urban lifestyle, with easy access to major job hubs such as Century City, Hollywood, and the Miracle Mile, home to leading media, entertainment, and tech companies. Offering a mix of spacious units, the property includes a vacant two-bedroom, two-bath unit with in-unit laundry and a private yard, making it ideal for an owner-occupier. Additionally, three one-bedroom, one-bath units feature generous layouts with a combination of laminate and tile flooring, catering to both renters and investors alike. Beyond its unbeatable location, the property offers privacy and outdoor space with a secluded front and side yard shaded by mature trees, an appealing feature in the heart of the city. Significant value-add potential exists, as current rents average $1,700 per month for the unrenovated units, with projections reaching $2750 for 1's and $3,000 for 2's per month after upgrades. Two separate two-car garages provide secure parking and potential for ADU conversion, creating additional income opportunities.