A rare opportunity to acquire the Hughes Apartments, located in the highly sought-after Palms Neighborhood of West Los Angeles. This triplex consists of an appealing mix of three units, each featuring 2 bedrooms and 1 bathroom. The main house, constructed in 1924, showcases charming Spanish-style architecture. The rear duplex, built… Read More in 1964, consists of two mirrored, two-story units. Unit 3611 Hughes Ave has been completely renovated and boasts an open floor plan with all-new appliances. It's a must-see to truly appreciate its quality! Both the main house and the renovated unit will be delivered vacant upon the close of escrow, presenting an excellent opportunity for an owner-user. Additionally, the zoning is LAR3, which allows for the potential to maximize the land by building multiple units in this rapidly gentrifying area. The property's proximity to esteemed schools (Palms Elementary, Palms Middle School, and Alexander Hamilton High School), hospitals (Southern California Hospital at Culver City and Kaiser Permanente West Los Angeles Medical Center), public transportation (Palms Metro Light Rail Station), supermarkets (Vons and Trader Joe's), and fitness centers (Equinox Culver City and Orangetheory Fitness) makes this an ideal investment opportunity! Read Less
Property listed by Remax Commercial and Investment Realty, Luis Morales 213-817-1000
Listing Snapshot
Days Online
80
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,593
Lot Size
0.12 Acres
Year Built
1924
MLS Number
25511095
30 Days Snapshot Of 90034
$1.60M
-20%
(avg) sold price
15
+200%
homes sold
54
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 2,593, Levels: Two, Living area: 2593, 2 stories, 2 buildings
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $8,600, Net operating income: $69,062
Lot
0.1232 acres, 5,366 square feet, Size: 5,366
Parking
3 totals parking, Driveway
Property
Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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