Description
Rare opportunity to purchase a multi-family asset which would enable a savvy investor to acquire a large scale multi-family rental footprint in West Los Angeles. 12415 Texas Ave., is a 10 unit multi-family property in a prime West LA location. The subject property has an excellent unit mix of (2) studio, (4) 1 BR, and (4) 2 BR units. This trophy asset was originally constructed in 1964 and is approximately 6,776 SqFt of property on 7,499 SqFt lot. There is substantial rental upside, creating a quintessential "value-add" investment opportunity. This generational asset in an undeniable attractive location that will surely pay long term dividends to a savvy investor. The property still requires seismic work for its parking structure. The property is directly next door to 12425 Texas Ave, (19 units)which is also for sale and the property can be purchased with three other West LA properties located at 1338 Carmelina (8 units), 1352 Carmelina Ave. (26 units) & 11600 Rochester Ave.
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Listing Agent: Errol Spiro 00893163 Courtesy of: Miller & Desatnik Realty Co. "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 4th February, 2023 8:53 AM (UTC)
