Highly desirable Carthay neighborhood of the Pico - LA Cienega area. This 6-unit two-story multifamily property features two buildings for a total of 5 one-bedroom/one-bathroom and 1 two-bedroom/two-bathroom units. The front building consists of 4 one bedroom/one bathroom units. The rear building consists of two non-rent control units (#1432 & #1432 1/2). All units w/ private entrances, ample natural light, gated community-like feel, and great walk-ability. Three (3) two-car garages plus additional open parking. Positioned just south of Pico, between Fairfax Ave. and La Cienega Blvd. Centrally located with easy access to Beverly Hills, Century City, Culver City, and West Hollywood. The property also has future redevelopment potential in that a developer has a 7,501 square foot lot, zoned R3 with 75 feet of frontage and an alley in the back. A developer can build 11 units by-right and 19 units by utilizing the Tier 3 TOC density bonus. Buyer to verify with the city


Property Type: Multi-Family
Year Built: 1949
Level Number: 2
Sub-Lease: 6
Listing ID: HLRSWG
Style: Multi-Family (5-20 Units)
Area Description

Region: CA

Property Features
Lot Size: Under 1/2 Acre
Age: Over 50 Years Old
Sewer: City
Financials
Gross Income: $132,492
Expenses: $52,982