Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

4,571 sqft

Lot size

6,102 sqft

Year built

1931

Stories

2

Style

Spanish

Heating

Radiant

View

None

Status

Active

Days on market

94

MLS #

244333965

About this property

Beautifully restored Spanish income property ideally located adjacent to Beverly Hills. This stunning investment opportunity blends timeless architecture with extensive capital improvements, offering both exceptional curb appeal and peace of mind for future ownership. The property showcases a beautifully painted exterior, classic Spanish arches, and an inviting landscaped courtyard that creates a warm and elegant first impression. Multiple units have been thoughtfully remodeled with updated kitchens, bathrooms, flooring, paint, lighting, and modern finishes while maintaining the property's original character.Beyond the cosmetic renovations, ownership has made substantial investments in the building's infrastructure, including significant plumbing improvements with repiping, gas line upgrades, electrical improvements, sewer line repairs and cleanouts, seismic safety enhancements, and numerous building system upgrades. These major capital improvements significantly reduce future maintenance concerns while enhancing the long term value of the asset.With strong in place income, additional garage rental income, and an irreplaceable location adjacent to Beverly Hills, Cardiff presents an outstanding opportunity to acquire a beautifully maintained Spanish apartment building with meaningful long term upside.

Location

1143 Cardiff Avenue

Los Angeles, Los Angeles, CA, 90035