This property is in the historically desirable Leimert Park neighborhood of Los Angeles. This well maintained twelve-unit (one bedroom-one bathroom) apartment building is surrounded by aesthetically pleasing tree lined avenues. Each unit is spacious giving the resident a warm feeling of home. The green front yard provides a feeling of being one with nature. Located in proximity to rapid transit, shopping, local schools and institutions of higher learning, the area has experienced a renaissance. The time is now to seize the opportunity to invest in a property nestled within a hidden oasis. This spacious superbly maintained apartment residence provides one a tranquil sanctuary within a medium sized apartment compound away from the surrounding fast paced urban environment. Hardwood floors abound with generous closet space.Centrally located within minutes of the 405, 110 and 10 Freeways, this ideal location provides access to major area shopping areas in Ladera Heights, Culver City Westfield Culver City, the Westside of Los Angeles, and within minutes of SoFi Stadium. Nearby educational opportunities abound with West Los Angeles College minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall, and many more.This investment opportunity has the makings to attract the astute investor. Seize this growth opportunity in this prestigious location. This property has great rental increase potential as all tenants are currently on month-to-month tenancy. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants. Property is sold in "As-Is" condition. Upon an accept offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, Cash to New Loan or terms and conditions acceptable to the Seller. Seller shall select all services, including escrow, title services. Please contact listing agents for more information. ALL TENANTS ARE MONTH TO MONTH. Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
|
DAYS ON MARKET
|
205
|
LAST UPDATED
|
11/20/2024
|
|
YEAR BUILT
|
1936
|
COMMUNITY
|
Park Hills Heights
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Jul 31, '24
|
$2,695,000
|
|
Jul 31, '24 - Nov 20, '24 |
$2,550,000
|
| Nov 20, '24 - Today |
$2,325,000 |
| AREA |
Park Hills Heights |
| GARAGE |
Public |
| HEAT |
Gravity |
| LOT |
10788 sq ft |
| PARKING |
Public |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| ZONING |
LAR3 |
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Listed with Realty Executives Westside
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/29/24 8:44 AM PST and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2024.
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