Residential Income In Los Angeles

First time on the market in 64 years. Prime location. One-half block from Paramount Studios and within one-half mile north of Larchmont Village which is popular for its shopping and dining facilities. The neighborhood has experienced regentrification with the construction of new projects. R3 zone allows the construction of up to 8 units. Site is designated TOC-Tier 2. Buyer to verify zoning allowance and all permits on record. Property is being sold as-is. Large one-bedroom units. Exterior stairwell on back portion of building was replaced with iron railings and steps. Roof approximately 4 years old. Owner reserves the right to conduct a 1031 exchange. Listing agent related to seller.