Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 20 BR |
| Bathrooms: | 16 |
| Area: | 8159 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$2,895,000
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.
7050 Waring Ave 20BR Hancock Park La
Description
7050 Waring Ave, a charming 8-unit apartment building located in the highly desirable La Brea neighborhood of Los Angeles, California. Built in1966, the property consists of (4) two-bedroom + two-bathroom units and (4) three-bedroom + two-bathroom units. The building is 9,728 gross square feet and sits on a 8,157 square foot lot.Nestled in the heart of the La Brea area, 7050 Waring Ave offers residents a vibrant Los Angeles lifestyle surrounded by renowned dining, shopping, and cultural destinations. Just minutes from MelroseAvenue and The Grove, this property places tenants in one of LA's most dynamic and centrally located neighborhoods.With a Walk Score of 96, residents enjoy easy access to trendy cafes, popular restaurants, boutique shopping, and nightlife hot spots, as well as nearby destinations like Griffith Park and Sunset Boulevard.7050 Waring Ave also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 6.07%, with the potential to reach a 7.70% CAP rate upon unit turnover.
Neighborhood
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
