We are pleased to present a twelve (12) unit multifamily property located at 2955 West 8th Street in Los Angeles, California. Built in 1923, this two-story wood frame and stucco property has a streamlined unit mix of twelve (12) large 1 bedroom/ 1 bathroom units. There are nine (9) newly renovated units, two (2) of which will be delivered vacant. Renovations consist of hardwood flooring, wall AC units, stainless steel kitchen appliances, complete new bathrooms and all-new copper plumbing. Each newly renovated unit has a separate tankless water heater. The subject property offers a unique opportunity for a savvy investor to capitalize on one of the only truly turn-key multifamily property available on the market today. The extensive renovations to the building allows for a strong initial return on a stabilized asset located in one of Los Angeles' hottest rental pockets.
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