If you’ve been seeking an income-producing property in the Hollywood locale that is move-in ready and offers a long list of updates and amenities, then you should take a look at LA Historic-Cultural Monument #801.
The Courtyard Apartments were designed by the famed Case Study architect Craig Ellwood, and they were initially built as four interlocking units, with a total of roughly 3,360 square feet. The complex, which is surrounded by mature trees, has recently been completely renovated, and today the property consists of two 2-bedroom, 1-bath units, and another larger 2-bedroom, 2.5 bath.
All three of the apartments offer a fireplace, as well as private patios, concrete flooring, sliding glass walls, beamed ceilings, and new systems and appliances. So, these units are ready for their new tenants and can start producing cash flow right away.
There are also eight parking spaces on the property, so residents can have ample room for vehicles. As an added bonus, this property allows some nice tax benefits for the owner, based on the Mills Act.
The Courtyard Apartment complex is located at 1570 La Baig Avenue, in Los Angeles, and it listed for sale at $3.250 million. Private showings can be arranged for interested purchasers and investors.
If you’re looking for an apartment complex also be sure to take a look at my listing 10393 Almayo Ave.