We are proud to present the opportunity to acquire a 9-unit apartment building and a retail space in Mid City on a spacious lot of 13,141 square feet! Owner will carry financing with 35% down payment.  Two units, the retail store and six garages will be delivered vacant and can be rented at market rents. The building presents an excellent value add opportunity with huge rental upside after renovations! The apartment building consists of two 2 bedroom/1 bath units, six 1 bedroom/1 bath units, and a single. An investor could also potentially convert the garages into ADUs to generate additional income. As an added bonus, the subject has been entitled for a 43-unit residential income development and a prospective buyer may continue the process of obtaining approved plans and completing the building of a new construction project. The building is prominently located near Pico Blvd and Western Ave., and is in close proximity to Amazon Studios headquarters, Ivy Station (HBO headquarters), the Cumulus District (Whole Foods), endless dining, hotels, entertainment, historical landmarks, and a short distance from the 1-10 Freeway, Downtown LA, Santa Monica, and LAX. Gross income includes proforma rents for two vacant units, retail space, and 6 garage spaces. See rent roll on page 16 of the Offering Memorandum.

The manager has listed the unit size as 5803 square feet.