The subject property is a nine unit multi-family complex with tremendous upside potential. The property has a wonderful unit mix comprised of 1 studio unit, 4 one bedroom, one bathroom units, and 4 two bedroom, two bathroom units. Totaling 7,922 square feet, this building sits on a 6,984 sf lot which provides tuck under parking to most of the tenants. Two units are currently sitting vacant and being remodeled which allows an owner-user/investor to come in and re-position the low returning units and capitalize on the steady rental market place.
Situated on Hayworth half a block south of Santa Monica Boulevard and one block west of Fairfax, this asset is surrounded by the neighborhood’s hottest restaurants/shopping/and nightlife, ensuring the continual rise of demand for rental units in the area.