Description
Exceptional opportunity to own a boutique 15-unit multifamily building in one of the best, most central locations in Los Angeles. Well maintained under long-term legacy ownership and built in 1985 the property is uniquely exempt from the Los Angeles City Rent Stabilization Ordinance (RSO). Comprising approximately 10,792 square feet of building area on a 6,096 SF lot, the four-story structure offers a favorable unit mix consisting of 12 studio with one-bath units and 3 one-bed with one-bath units. 4 studios and 1 one-bed unit feature double height ceilings and additional loft space. This configuration is highly sought after by local professionals, singles and couples with prime location to Cedars-Sinai Medical Center and the Grove. Building amenities cater to a premium lifestyle, including gated, semi-subterranean assigned parking, secure access entry system, elevator, private balconies, on-site laundry and unbeatable walkability. The building is master metered for utilities; however, management has implemented a ratio utility billing system (RUBS) to reduce expenses. A diamond in the rough with tremendous upside and long term continued appreciation.
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15BEDS
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0.14ACRES
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15BATHS
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01/2 BATHS
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10,792SQFT
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$473$/SQFT
School Ratings & Info
Description
Exceptional opportunity to own a boutique 15-unit multifamily building in one of the best, most central locations in Los Angeles. Well maintained under long-term legacy ownership and built in 1985 the property is uniquely exempt from the Los Angeles City Rent Stabilization Ordinance (RSO). Comprising approximately 10,792 square feet of building area on a 6,096 SF lot, the four-story structure offers a favorable unit mix consisting of 12 studio with one-bath units and 3 one-bed with one-bath units. 4 studios and 1 one-bed unit feature double height ceilings and additional loft space. This configuration is highly sought after by local professionals, singles and couples with prime location to Cedars-Sinai Medical Center and the Grove. Building amenities cater to a premium lifestyle, including gated, semi-subterranean assigned parking, secure access entry system, elevator, private balconies, on-site laundry and unbeatable walkability. The building is master metered for utilities; however, management has implemented a ratio utility billing system (RUBS) to reduce expenses. A diamond in the rough with tremendous upside and long term continued appreciation.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2026-01-24T10:42:54.737. 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.