Mayelian Group presents a 10 unit trophy asset in the highly desirable Miracle Mile area of Los Angeles. The Spanish style building is located on the corner of San Vicente Blvd and Masselin Ave. Favorable low interest rate loan must be assumed by a Buyer. The existing Principal Balance is $1,518,000 fixed at a rate of 3.150%, interest only payments, loan maturity date is April 2031. The property boasts four 2 bedrooms/1 bathroom units and six 1 bedroom/1 bathroom. In addition there is upside in rents of over 30% which is achievable through further interior unit renovations. 4 of the 10 units have been remodeled. 1150 Masselin Ave boasts a high Walk Score of 88. Located on the 1100 block of S. Masselin Avenue, the property is situated between Olympic Boulevard and San Vicente Boulevard, just East of South Fairfax. The property is located near the Grove, Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, trendy restaurants, shopping, and entertainment venues.
Phone: (818) 915-9118