4408 Russell Ave, Los Feliz, CA

Multi-family for Sale - $2,499,999 - 4,816 Sq. Ft. on 0.16 acres


Agent Info

Megan Husri
The Seymour Group

Property Info

CIMLS#1093089
Location
  4408 Russell Ave
  Los Feliz CA 90027
UpdatedApril 30th, 2021
TypeMulti-family
Price$2,499,999
Building4,816 Sq. Ft.
Land0.16 acres

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Property Description

Location! Location! Location! 4408 Russell Avenue The Russell Residences is a seven-unit 4,816 square foot multifamily property comprised of (6) 1+1s and a renovated 2+1, located in the extremely desirable Los Feliz neighborhood.? The Russell Residences, situated in a stellar location which has superb schools, easy access to DTLA, The San Fernando Valley, and is enticing to both Buyers, Investors, and Tenants.? A new buyer can add value by conducting renovations to the units, common areas, and exterior to increase their yield and stabilize at a 6.3% cap rate.? Not only that, an Owner/User can occupy one or more of the units as their own residence or office space at a fraction of the price for a condo or townhome in the same location.?

Visit 4408Russell.?com For More Details!



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