Property Listing No Longer Available for Sale

1822 Wilcox Ave., Los Angeles, CA

Multi-family for Sale - $1,350,000 - 3,170 Sq. Ft. on 0.11 acres


Property Info

CIMLS#909460
Location
  1822 Wilcox Ave.
  Los Angeles CA 90028
UpdatedSeptember 15th, 2017
TypeMulti-family
Price$1,350,000
Building3,170 Sq. Ft.
Land0.11 acres

Property Description

The Apartment Group at NAI Capital, as exclusive listing agent, is pleased to present 1822 Wilcox Avenue, a fully renovated five 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 1986, the property features a mix of single, 1-bedroom and 2-bedroom style units and is not subject to 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.

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.

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.

Location Description:

The Wilcox Hollywood portfolio lies in one of the most desirable locations of Hollywood; situated centrally between Highland Avenue and Vine Street, two parcels south of Franklin Ave, and one block north of Hollywood Blvd.

The Hollywood area is in the midst of a massive renaissance with billions of dollars committed to upcoming development projects and many that have been recently completed. Hollywood is known around the globe as a tourist destination attracting visitors to the countless famous venues within the area; many of which are walking distance from the site. The Capital Records Building, Hollywood Walk of Fame, The Academy Awards, Madame Tussaurd


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