Description
BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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8,602SQFT
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$511$/SQFT
School Ratings & Info
Description
BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.