11959 GORHAM AVE LA

271 North Canon Drive Beverly Hills, CA 90210
Courtesy of Remax Commercial and Investment Realty
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Location

11959 GORHAM AVE
Los Angeles (City) CA 90049

Property

Ownership: For Sale
Bedrooms: 22 BR
Bathrooms: 18
Pets: Pets Unknown
Area: 9375 sq ft
Lot Size: 9375 sq ft

Financials

Price: $7,195,000

Description

REDUCED $455,000. Pride of ownership building at its best! 11959 Gorham Avenue is an extremely rare opportunity to acquire a prestigious pride of ownership asset in one of the best rental locations in Brentwood. A mid-century modern design building built as a luxury property in 1959 , six out of the nine units are NOT subject to rent control via luxury exemption, allowing for significant and immediate rental upside. This very well maintained and upgraded property boasts an ideal unit mix consisting of 1, 2, 3 and 4 bedroom units, some with great views of the Los Angeles skyline. All of the units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. Prestigious 11959 Gorham Avenue also has a great assumable loan with an approximate balance of $4,120,000, interest only until August 15th, 2019 at an interest rate of only 3.25%. The interest rate remains fixed until August 15th, 2021.


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