Listing provided courtesy of Daniel Shamooelian of BRC Advisors- BH. Last updated 2020-09-02 08:10:59.000000. Listing information © 2020 Sandicor.
Asking Price: $3,999,000 |
560 Gladys, Los Angeles CA 90013
Community: C42 - Downtown L.A.
This property was built in 1913 and is priced at $3,999,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 20614370
- Year Built: 1913
We are pleased to present for sale a 67 unit "SRO" style building located near the Arts District in Downtown LA. The property is a former Residential Hotel and is currently operating as an apartment building. SRO units = rooms with shared bathrooms, with 2 bathrooms on each floor. 14 units are currently vacant, which provides for an excellent VALUE-ADD opportunity with over 30% upside in rents! The property is 100% sprinklered and the plumbing has been updated. Potential for more units to be vacated prior to the close of escrow. Low price per door at $60,000/door. Property to be sold As-Is. Interior inspection subject to accepted offer. Contact agent for more details!