1040 S Longwood Ave 4 Unit Apartment Building Offered at $2,795,000 at a 5.20% Cap Rate Los Angeles, CA 90019

Beautiful 4 units located on a tree lined street in Longwood Heights. The property consists of 2 duplexes that sit on an oversized 8,922 square foot corner lot. TWO UNITS WILL BE DELIVERED VACANT. Huge units with excellent upside in the rents. Low cost per square foot - $350/SF. The upstairs unit on Longwood is 3 bedroom + 3 bath and the downstairs unit is 3 bedroom + 2 bath. These units have large living rooms with fireplaces. There is a sunroom off the living room that can be used as an office. There is a large dining room that opens to the living room and a small breakfast nook. The downstairs unit has hardwood floors and carpet. The square footage for the Longwood building is 4,694 sq.ft. The building on Edgewood Place consists of two 2 bedroom + 2 bath units. The units have large living rooms with a fireplace, formal dining room and a small breakfast nook. The square footage for the Edgewood is 3,268 sq.ft. There is a beautiful courtyard that sits between the buildings that all 4 units have access to from the back doors. The property is located a short distance from Miracle Mile, Hancock Park, Larchmont Village, shops and restaurants.