****This property is being sold with 6521 Orange St. Los Angeles, CA 90048 (DIRECTLY ADJACENT / SHARED DRIVEWAY)****
The stylishly low-maintenance Spanish 4-plex features enhanced entry area and landscaping (raised trellis & patio). The property recently received new roofing and exterior paint coat. There is potential to add an ADU @ rear of property. Parking includes 4 official covered spaces with ample room for more. All 4 units are large & bright two bedroom-two baths with some unit upgrades (each unit includes a dedicated laundry room with W/D). Zoned Q-LAR3 in TOC Tier 3 but in LA Survey Area. The total lot size is approximately 6,250 SF. APN#: 5510-024-015. Buyer to verify all info.
This is a RARE opportunity to acquire two adjacent 4-plex’s in prime Beverly Grove (lots together equate to approx: 12,500 SF). Beverly Grove is one of the city’s most celebrated & centralized neighborhoods. Acknowledged as one of the most walkable neighborhoods in Los Angeles, there’s no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by the Beverly Center, The Grove, and LACMA – All within a 5-min. drive or 20-min. walk. The property is also within a 10-min. walk to the Wilshire/ La Cienega Metro Station - Slated to open in 2024.
Given the current interest rate environment, both 4-plex’s allow a potential investor to acquire residential financing for both properties. Additionally, the dual properties allow an investor future exit flexibility.
It should also be noted, there’s potential to acquire both adjacent properties at opposite ends of 6517 & 6521 Orange St.