Description

Exceptional 5-unit apartment building located in the highly desirable East Hollywood / Mid-Wilshire submarket of Los Angeles. Built in 1986, this well-maintained property consists of approximately 4,543 square feet situated on a 7,314 square foot LARD1.5 zoned lot, offering both stable in-place income and long-term value appreciation potential. The unit mix features a total of 11 bedrooms and 6 bathrooms across five units, providing strong rental demand in a centrally located neighborhood known for its walkability (Walk Score 96) and proximity to major employment centers, public transportation, shopping, dining, and entertainment along Melrose Avenue and Santa Monica Boulevard. The property benefits from controlled access, on-site parking, and a desirable two-story layout. Built post-1978, the asset offers operational advantages compared to older vintage buildings in the surrounding area. The LARD1.5 zoning also presents future redevelopment or value-add considerations (buyer to verify). Conveniently located near Hollywood, Koreatown, and Downtown Los Angeles, this offering represents a compelling opportunity for investors seeking a well-located, income-producing asset in one of Los Angeles’ most dynamic rental markets.