7 unit apartment complex in the Beverly Grove neighborhood of Los Angeles. Built in 1956, this two story complex features four 1 bedroom 1 bath units, one 2 bedroom 1 bath unit, and two 2 bedroom 2 bath units.
This PRIME location in Beverly Grove is just a short one block walk to the Beverly Center Shopping Mall and Beverly Connection to the west, and one block south of the abundance of restaurants, entertainment and shops that line 3rd Street!
With a Walk-Score rating of 91, one doesn’t need a car for daily errands and many employers are within a few blocks walking distance including Cedar-Sinai Medical Center.
Five of the seven units have recently been rehabbed (3 of them extensively) and rented at market rents. The property at list price is a 3.57% CAP rate on current rents. The 2 bedroom 2 bath units each have 2 tandem parking spaces and the remainder of the units have 1 parking space per unit and there is a laundry room onsite.
