Property Listing No Longer Available for Sale

1824 Wilcox Ave., Los Angeles, CA

Multi-family for Sale - $1,625,000 - 3,480 Sq. Ft.


Property Info

CIMLS#909457
Location
  1824 Wilcox Ave.
  Los Angeles CA 90028
UpdatedSeptember 15th, 2017
TypeMulti-family
Price$1,625,000
Building3,480 Sq. Ft.

Property Description

The Apartment Group at NAI Capital, as exclusive listing agent, is pleased to present 1824 Wilcox Avenue, a fully renovated six unit apartment community located in the heart of Hollywood, one of the most active and desirable rental markets in Los Angeles. This property is part of a four-property portfolio that can be sold individually or as a group, making it ideal for any buyer needing to scale their purchase to meet their needs.

Built in 1920, the property embodies the historic feel of old Hollywood and features a mix of single and 1-bedroom style units that are subject to the LA City rent control ordinance. All unit interiors have been fully renovated and styled to attract the discerning young professional tenant base and command consistent top rents. Renovations to all units include new flooring and fixtures throughout, new kitchens (cabinetry, countertops and stainless steel appliances) and new bathrooms (cabinetry, sink, shower/tub).

The property is currently in the midst of lease-up following renovations and can be delivered fully occupied at close of escrow.

This offering represents a unique opportunity to acquire a fully renovated, turn-key property in a highly sought after location with the ability for a buyer to scale the size of their purchase to meet their needs

PLEASE CONTACT ROB OR TIM FOR A COMPLETE PROPERTY BROCHURE.

Location Description:

Conveniently located just off the Cahuenga Blvd exit from the 101 FWY, one block north of the famed Hollywood Blvd, these properties offer an ideal setting that is walking distance to the hottest area attractions, public transit and a short commute to the top employers.

Highlights:

>> Completely Renovated Units


Financials


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