BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23
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Listing Courtesy ofBrc Advisors