2749 S Sepulveda Blvd - 2749 S Sepulveda Blvd 4 Unit Apartment Building Offered at $2,355,000 at a 4.90% Cap Rate Los Angeles, CA 90064

A tremendous opportunity to own a unique and rare four-plex compound on a combined 7,340 sqft flat lot in a central Westside location only moments from Sepulveda Expo line metro station running from Santa Monica to DTLA, multiple bus lines including ones to UCLA campus, nearby access to the 405 freeway, and numerous restaurants, shops and markets. The properties span two lots, both lots are zoned R3, so you can enjoy the historically strong rental income and/or look toward future development. The complex is comprised of three separate free-standing buildings, each of which has its own distinctive design and character. The front building is a two-story structure with upper and lower 2 bed, 1 bath apartments. Each unit has warm hard wood floors and a flex space, perfect for an office or dining room, and with no shared walls. The lower unit is presently vacant and up for lease. The second building is another two-story structure single unit at the rear of the lot. This light and bright unit with laminate wood flooring throughout has an open floor plan downstairs with a large living/dining area with fireplace, remodeled bath and cook's kitchen. Both bedrooms and second remodeled bath are up, with a small den/ office that can also be used as a third bedroom. The third building is designed as an industrial loft and spans almost 2000 sqft. This unit features double door entry from the street opening to an expansive room with polished concrete floors, soaring 13-foot ceilings, cook’s kitchen and an upstairs sleeping area with wood flooring, spacious closet and remodeled private bath. All the units have some off-street parking and their own private washers and dryers. This complex offers the savvy investor strong monthly income, good asset appreciation, and the opportunity for future development.