126 Kings Road, Los Angeles
$2,295,000 - 8 Beds, 4 Baths, 4,724 SfMLS® # 24391759
$2,600,000
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We are proud to exclusively present for sale a 9 unit residential income property just outside of West Hollywood. The adjacent 10 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 40% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from just over 700 square feet to just under 1,000 square feet each! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room.
Assigned, Garage, Side By Side, Tandem
Assigned, Garage, Side By Side, Tandem
MLS® # 24391759
MLS® # 24391123
MLS® # SB24096706
Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 3:15am PDT. 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.