4720 10th Ave, Los Angeles, CA 90043

Property Description

KW Commercial is pleased to present 4720 10th Avenue, an eight unit apartment building located in Los Angeles footsteps away from Leimert Park. The subject property is a two story walk up built in 1928 with a unit mix comprised of eight spacious one bedroom one bath units. Due to it's age and location the property is subject to rent control. Utilities are separately metered for gas and electricity and each unit has it's own individual water heater. The property is poised to be repositioned as it is currently 88% vacant. It presents a new owner with a classic value add opportunity to renovate the property and immediately take 7 of the 8 units to market rent. Whether the goal is to refinance and hold for cashflow or to flip, this investment will provide a new owner with multiple options after the property is stabilized. Subject is conveniently located on 10th Ave just 2 blocks south of W Vernon Ave and walking distance to Leimert Park. The location provides easy access to public transportation and local retail. **This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied as to the accuracy of the information. Buyer must verify the information.