1500 Hauser Blvd Los Angeles, CA 90019

Property Details for 1500 Hauser Blvd

Year built

1928

Property type

Residential income homes

Property subtype

Residential income properties

Description

This exceptional 4-unit apartment building, located near the Miracle Mile in Los Angeles, CA (zip code 90019), presents a compelling investment opportunity. The property boasts a total building size of 3,858 square feet and sits on a 0.088567 acres lot. Each of the four units is a 1-bedroom, 1-bathroom apartment, offering ample space with the potential for conversion to 2-bedroom units. A key advantage is the inclusion of in-unit laundry hookups in each unit, a highly desirable feature for renters. Furthermore, each unit comes with its own dedicated garage space, providing convenient and secure parking for residents. The property features a detached 4+ car garage and a concrete driveway. The building currently enjoys 100% occupancy, indicating strong rental demand in this popular location. The property's proximity to the Miracle Mile adds significant value, given the area's high rental rates and desirability. The potential for adding value is substantial, with the possibility of constructing four additional dwelling units (ADUs), further increasing the property's income potential. This is a rare opportunity to acquire a well-maintained, income-generating property in a prime Los Angeles location. The asking price is $1,688,000. Gas dryer hookups and ranges are included in each unit.