Bank Foreclosure, Five Unit Multi-Family Investment Opportunity

This Spanish “Classic Hollywood Style” 1922 multi-family building

has an abundance of amenities to the residents. As you enter the gated entry premise, there is a courtyard designed to provide the residents a common area barbeque lounge. The main building has four legal units with a common area entryway. The accessory unit over the garage is categorized to be a grand-fathered residence by the City of Los Angeles (per appraiser, the buyer is to verify the legality of this space). The main building consists of two – 2 bedroom and 1 bath, one – 1 bedroom and 1 bath, and a unit that was in the process of being converted into a 1 bedroom and 2 bath. The converting unit has all of the hard plumbing/electrical completed, recently installed smooth finish drywall, and new hardwood floors. The apartment above the garages is a 1 bedroom + den and 1 bath unit. These large dwellings range from approximately 922 to 1,137 square feet. Each residence has washer/dryer hookups. There are five enclosed garages with remote sensor garage door openers. In between the main building and the rear unit there is another courtyard setting for the residents to use for enjoyment.