449 S LE DOUX RD, Los Angeles (City), California
449 S LE DOUX RD, Los Angeles (City), California 90048 - Price Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417~ SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega's famed "Restaurant Row"; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit - Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464~ SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.
Listing Courtesy of Berkadia