Offered to the market for the first time in 50 years, this prominently located, mid-century building features a secured courtyard with a pool, an intercom, mature landscaping, private patios or balconies for every unit, as well as abundant carport or garage parking. The excellent unit mix consists of 75% two-bedroom apartments and 25% one-bedroom apartments. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, the Property features two garages which may allow for ADU potential to increase the number of units.
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