Los Angeles - Beach Property For Sale #2309045

LOAN MUST BE ASSUMED- 5 YEAR FIXED @4.05%. LOAN BALANCE IS $1,162,165 (call for more info). This 5-unit Multi-family asset is located in West Los Angeles, in the heart of Silicon Beach. The property boasts a desirable unit mix of two(2) two-bedroom, two(2) one-bedroom and one(1) studio. There is also potential to add an Accessory Dwelling Unit(ADU) above the detached garage(buyer to verify with LA City Planning). Three of the five units have been extensively renovated, featuring double-paned windows, laminate flooring, stainless steel appliances, recessed lighting and modern touches, with in-unit laundry added to each renovated unit. 2592 Armacost Ave is situated on a corner lot on a mostly residential street providing ample street parking. There are also 5 enclosed garage parking spaces with no seismic retrofit required. This investment is in a very strong rental market as it is situated within a 1 mile radius from many of the Silicon Beach tech titans(Snapchat Inc., Activision, Oracle and Hulu).This is a true value add investment with over 32% upside in the current rents. Please do not disturb the tenants. All showings will be subject to an accepted offer.