7050 Waring Ave, Los Angeles, CA 90038
7050 Waring Ave, Los Angeles, CA 90038
7050 Waring Ave, Los Angeles, CA 90038
7050 Waring Ave, Los Angeles, CA 90038
7050 Waring Ave, Los Angeles, CA 90038
7050 Waring Ave, Los Angeles, CA 90038
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$ 2,895,000
Est. payment | /mo

20 Beds

16 Baths

9,728 SqFt


Save
$ 2,895,000
Est. payment | /mo
Save

20 Beds

16 Baths

9,728 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,728 sqft

Price per Sqft $297

MLS Listing ID 26831155

Bedrooms 20

Year Built 1966

Lot Size 8,159 Sqft

Acres 0.1873

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Carport

Garage Spaces 15.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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7050 Waring Ave