1684 Murchison Street, Los Angeles, CA 90033
Property · 2 recorded sales since 2015
Sold March 2018
Listing Agent: Justin McCardle (DRE #01895720) · Listing Office: GIG Real Estate Inc. · Contact: 626-594-4901 · Bought with: Enrique Viramontes · Remax Commercial and Investmen · MLS #AR17269977 · Source: CRMLS
About this property
The Growth Investment Group, and Sperry Van Ness are pleased to present Murchison Apartments, a Mid 60’s construction 18 unit apartment building, with a very desirable unit mix of 14- 2’s and 4- 1’s! The property has nice curb appeal, with inviting landscaping and is just awaiting a value add buyer to add some capital improvements to seize the upside potential of the asset. This building has secured parking and gated entry, and just requires a new owner experienced in these types of opportunities as well as Los Angeles Rent Control. There is an estimated 31% upside in Rents, giving the new owner to achieve market rents aggressively, or over time with a stable asset as properties in Los Angeles continue to appreciate in Value. This is a good opportunity for any size investor whether looking to exchange into something larger, or add to your LA RE Portfolio.
Listing description from the March 2018 sale, as reported to CRMLS.
Sale history
