MLS® ID: 19489150
4808 AUGUST Street
Los Angeles, California, 90008 $4,250,000
Unique opportunity for an investor to purchase a well-maintained 16-unit apartment building in the rapidly developing Baldwin Village neighborhood. The Property is situated on two parcels and features extremely spacious units with a unit mix of 6(1+1), 8(2+2) and 2(3+2). 5 of the units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, and energy efficient LED lighting. 1 unit will be delivered vacant, providing the opportunity for an investor to immediately upgrade the unit and capture market rent. Exterior and building upgrades include new paint, new drought resistant landscaping, and a new intercom. The property is separately metered for electricity and gas, and the soft-story seismic retrofit work has already been completed. Take advantage of today's low interest rates and acquire a property with immediate upside potential.