Los Angeles (City), CA 90026
We are pleased to present the opportunity to acquire 163 North Edgeware Road, a five-unit apartment community. The property is located approximately 1.3 miles from Dodger Stadium and approximately 1.5 miles from Downtown Los Angeles which are both rapidly gentrifying submarkets.The building is two-story construction, consisting of four large one-bedroom/one-bathroom units and one two-bedroom/one-bathroom house. Welllocated in a dense neighborhood, the property offers the opportunity to increase rents and substantially raise revenue. The property gives tenantseasy access to the entertainment venues and employment centers of Downtown Los Angeles. Due to its 1890 / 1904 construction, the property issubject to Los Angeles rent control statutes.The subject property allows an investor to acquire a value-add asset in an in-fill location near the sought-after submarkets of Echo Park, Elysian Park and Downtown Los Angeles.
Sean Rosenzweig with Marcus & Millichap
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