Property Description

Introducing a rare opportunity to own a well-maintained 5-unit multifamily property in the highly sought-after Beverly Hills Adjacent neighborhood. This prime asset offers significant value-add potential, with current rents averaging roughly 25% below market. The unit mix includes (4) spacious three-bedroom apartments and (1) studio. The three-bedroom owner's unit will be delivered vacant, presenting an immediate opportunity for income maximization. All three-bedroom layouts boast expansive living spaces, making them ideal for an owner-occupier. Recent capital improvements include a seismic retrofit (2025) and SB-721 balcony compliance (2025), minimizing future capital expenditure risk. Buyer may also recover up to 50% of the EQ retrofit costs through Tenant pass-throughs. Additional highlights include 10 parking spaces, an on-site laundry facility, and individually metered gas and electric utilities, enhancing Tenant convenience and operational efficiency. Located in a highly walkable neighborhood, just minutes from top-tier restaurants, retail, parks, and amenities, this property is a rare find for investors and possible owner-occupiers. With strong long-term appreciation potential and immediate income upside, this is an opportunity not to be missed.

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