Marcus & Millichap is pleased to present for sale The Bungalows on York, one of the newest, most attractive and exciting multifamily properties currently for sale in Los Angeles.
The property is located precisely between the two rapidly developing, highly publicized communities of Eagle Rock and Highland Park, blocks from Occidental College and minutes north of Downtown Los Angeles.
This must see property is comprised of ten individual one-bedroom bungalow units, fully renovated in 2015.
The buildings were gutted to frame and redone with new insulation and drywall. All units have been bolted to the foundations. Six units have new roofs and the other four are less than four years old. The property includes five garages with new roofs and one garage is being used to contain the trash receptacle.
The entire electrical system was replaced and 100 percent of the lighting is LED. The plumbing and gas were redone with permits and the main plumbing lines were replaced all the way to the main sewer in the street. New plumbing is PEX which many builders perceive to have a longer life span than copper piping. All ten new tankless water heaters are roof mounted.
Eagle Rock and Highland Park continue to receive local and national attention. As vibrant and rapidly developing neighborhoods, they are attracting professional and creative people from all over Los Angeles to the many interesting restaurants, coffee shops, bars, art galleries, retail stores, charming homes and small apartment buildings.
Both communities have long been perceived by investors as solid rental markets due to their direct proximity to Glendale to the west, Pasadena to the east and Downtown Los Angeles to the south.
Click here to download the marketing package
Barry Gordon, First Vice President Multi-Family Investments
- (213) 943-1820 (w)
- (213) 507-1099 (c)
- [email protected]
Justin Forman Associate Multi-Family Investments
- (213) 943-1862 (w)
- (714) 697-6466 (c)
- [email protected]
This Sponsored Post is an advertisement on behalf of Marcus & Millichap