1236 Mcclellan Drive Pending

Los Angeles,CA 90025

$ 3250000

- Bed

0 Bath

7527 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 7,527 sqft

Price per Sqft $431

MLS Listing ID CL25564991

Year Built 1962

Lot Size 6,935 Sqft

Property Sub-Type Other

Property Description

Well maintained 9-unit apartment building in a Prime West LA location on the border of Santa Monica and right next to Brentwood. Extremely strong rental demand area with ideal income producing unit mix including (5) 2-bedroom units, (3) 1-bedroom units, and (1) studio unit. Building has undergone seismic retrofitting. Recently passed insurance inspections and units have new subpanels. Most units have undergone light renovations including replacing flooring, modern hardware, and modern light fixtures. Rental upside can be achieved through more substantial renovations to the kitchens and bathrooms. Select units have private outdoor space (balconies/patios). Well parked property. On-site laundry with machines owned by landlord. Professionally managed and cared for property. (1) one bedroom unit to become vacant at end of July and has significant rental upside through renovations.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Building

New Construction No

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