$1,200,000

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 2656-2662 1/2 La Cienega Avenue, an eight-unit multifamily property in West Los Angeles near Culver City. The property is adjacent to the Arts District area, just two blocks from bustling Washington Boulevard. The subject property is a 4,136 SF building on 5,682 SF of land. 2656-2662 1/2 La Cienega Avenue is comprised of entirely studio units, with parking in the front of the building for approximately five (5) cars. The units are subject to rent control, allowing for 4% annual increases plus SCEP adjustments. There is a small interior patio on the ground floor and a garden on the north side of the building. The location of this property is excellent. It is situated on a residential street near the Arts District area of Culver City, between Washington and La Cienega Boulevard. The 10 freeway is just a couple minutes away. There are ample area amenities nearby, especially on Washington, which is packed with restaurants and cafes, all of which are extremely accessible with the neighborhood's Walk Score of 88. The property's close access to the 10 freeway offers easy commuting in and out of Culver City. The Metro E Line's La Cienega/Jefferson station is a four minute drive or a 20 minute walk away. This is an excellent opportunity for a multifamily investor to own property in anideal Culver City adjacent location.