$200,000 Price Reduction. This is a rare opportunity to acquire a 6-unit apartment complex in Playa del Rey with an average unit size over 1,200 square feet. The area has always demanded premium rents with its proximity to Loyola Marymount University, LAX and the beach. The subject property is a prime example of modern, mid-century architecture popular in Playa del Rey in the early 1960s. The curb appeal has been smartly updated with a modern two-tone paint scheme, stone accent walls and clean landscaping. The subject property consists of (1) one-bedroom with one-bath unit, (3) two-bedroom with one and three-quarter bathroom units, (1) three-bedroom with one and three-quarter bath unit and (1) three-bedroom plus den with two and three-quarter bath unit. The size and design of the subject property and the units resemble luxury condos in the immediate vicinity, allowing for investors to institute condo-quality renovations upon turnover and maximize market rents.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
