Situated on a corner lot, the building allows tenants to be walking distance to both well-known restaurants and shops along Santa Monica Boulevard as well as the trendy boutiques and bars on Melrose Avenue. With a Whole Foods, Starbucks, and several other destinations within a short walk, tenants can conveniently complete daily errands and the property has earned the title of "Walker's Paradise" with a Walk Score of 95. Within the 10 apartments, most of which feature two bedrooms, the current owner has added value by completing substantial upgrades. Included within 70 percent of the units are new quartz countertops, new custom cabinets, new stainless steel appliances, new wood plank flooring, new lighting, new two-tone paint, and newly upgraded bathrooms. The blueprint has already been created for adding similar value to the remaining units and eventually capturing the approximately 21 percent rent upside for the investment. The building has brand new windows and new exterior paint.
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