The Frydman Group of KW Commercial & Platinum Properties, as the exclusive co listing agents, are pleased to present a eight-unit charming apartment building located on 321 South Hamel Road, Los Angeles CA, 90048. The apartment is just north of Burton Way & east of Robertson Blvd in the Beverly Grove pocket of Los Angeles.
The apartment was built in 1958 and the unit mix consists of six, one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units, & a large storage unit on the first floor. The building's amenities include, 10 tuck under parking spaces, an on-site laundry facility, spacious units, and additional storage spaces for the units located in the parking area. The plumbing consists of copper and galvanized plumbing throughout the building. Recent capital expenditures at the property include some units that have been renovated to include hardwood floors, granite counter tops, beautiful kitchen cabinets, and stainless steel appliances .
An astute investor should view this opportunity as a rare chance to own in an A+ location with approximately 39%upside in the rents. Additionally, an investor with the right vision may be able to possibly convert the large storage unit on the first floor to a habitable unit potentially increases the overall cash flow of the property.
Located just steps away from 3rd Street and adjacent to Beverly Hills, the property is located in one of the most desirable A locations of Los Angeles. The dining and entertainment options are endless and most destinations are walking distance. Nearby locations include Cedar Sinai Medical Center, Beverly Center, The Grove, Pacific Design Center, the Sunset Strip, and many high-end hotels.
