Ross Multifamily is pleased to present 3964 West 7th Street, a charming French Normandy Revival style four-plex designed and built in 1936 by architect Arlos Sedgely. Tucked in a quiet corner of the bustling Mid-Wilshire area, this 5,151 square foot French Chateau has been meticulously cared for and offers a quintessential experience of a serene antiquity and a vibrant city life.
The building was refurbished in 2007 with brand new copper plumbing and electrical. The water, electricity, and gas are individually metered, and the tenants pay all utilities. The original details of the building were meticulously restored in each unit. This included; high ceilings, crown molding, period tile, built-ins, doors, windows and the wood flooring. The units are two-bed/one- bath and approximately 1,288 square feet. Each unit has, central AC and heat, a washer and dryer hook up, and a detached one car garage, which is currently included with the rent. The individual rents in place are under the going market rate and offer investors the opportunity to capitalize on the substantial upside and significantly increasing the annual income.
With a walking score of 92, this property is centrally located in the Greater Wilshire neighborhood of LosAngeles and within a walking distance from numerous public transportation options, including the Red Line Station.