• 12,052 sq.ft.
  • 14,871 sq.ft. lot
offered at $3,069,000
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1965

Property Description

The Growth Investment Group, and Sperry Van Ness are pleased to present Murchison Apartments, a Mid 60’s construction 18 unit apartment building, with a very desirable unit mix of 14- 2’s and 4- 1’s! The property has nice curb appeal, with inviting landscaping and is just awaiting a value add buyer to add some capital improvements to seize the upside potential of the asset. This building has secured parking and gated entry, and just requires a new owner experienced in these types of opportunities as well as Los Angeles Rent Control. There is an estimated 31% upside in Rents, giving the new owner to achieve market rents aggressively, or over time with a stable asset as properties in Los Angeles continue to appreciate in Value. This is a good opportunity for any size investor whether looking to exchange into something larger, or add to your LA RE Portfolio.

Listing Courtesy of Justin McCardle, GIG Real Estaate Inc.

Exterior Features

Exterior Features: Urban
  • raj qsar
    Principal | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of January 12, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.