As the exclusive listing agent, we are pleased to present a value add opportunity in the rapidly gentrifying neighborhood of Downtown West & only a short stroll to LA Live & Staples Center. Built in 1973, the subject property boasts a desirable unit mix of five 1+1s & three 2+1s with ample private parking.
The Beacon 8 is located in a superior pocket of Los Angeles surrounded by a plethora of development including the world famous billion dollar Metropolis & the highly anticipated 150+ room Hotel Olympia just seconds away. The subject property is located just north of Olympic & hugs the 110 freeway connecting it to the rest of Los Angeles. Additionally, it commands a superior transit score of 86 & a stellar walk score of 95, so most daily errands can be accomplished with relative ease & limited commute time. Additionally, the property sits on a 7,979 SF Lot & as such can be a great development opportunity with favorable R-4 allowing for 19 units by right. The large units coupled with the rental upside in a newer building make this a great opportunity for an investor.
