3305 Primera Ave, Los Angeles, CA 90068 For Sale

KW Commercial is pleased to present 3305 Primera Avenue, Los Angeles, CA 90068, a luxury mid-century modern apartment building nestled in the Lake Hollywood hills amidst multimillion-dollar homes.

The offering boasts impressive stabilized income, providing investors with exceptional long-term capital appreciation and wealth preservation.

This meticulously remodeled 6-unit apartment building has been updated to the highest standards. These cutting-edge designer apartment homes offer treetop and area views attract discerning Angelos seeking a quiet oasis in one of Los Angeles's best neighborhoods.

Ownership has conducted a complete transformation with no stone left unturned. Utilizing extensive permitting, ownership has ensured the complete replacement and upgrade of all building systems and a full remodeling of interior units with exceptional finishes.

This rare offering is one (1) of only four (4) multifamily properties in this Lake Hollywood neighborhood (90068) in which single-family homes sell for an average of $1,900,000.

3305 Primera Avenue, built in 1959, features an ideal unit composition of two (2) 2-Bedroom/2-Bathroom units, three (3) 3-Bedroom/2-Bathroom units, and one (1) spacious 4-Bedroom/3-Bathroom unit. In all, the property consists of 5,441 square feet of improvements on a 5,991 square foot lot, zoned LAR2.

Current ownership has overseen top-to-bottom renovations of each unit, attracting even the most discerning tenants and setting the market for strong rents. All interiors have been remodeled, units boast new, stylish flooring, updated bathrooms and kitchens, designer appliances, central A/C units, new windows/sliding doors, washer/dryers in each unit, and expansive decking offering city and treetop views.

Additionally, property amenities include covered parking for each unit and a camera system. The apartment homes are individually metered for gas & electrical.

RECENT CAPITAL EXPENDITURES 2019 to Current

▪ New tuck-under parking seismic retrofit

▪ New electrical – 400 AMP main panel, full building rewire, and sub-panels

▪ New plumbing – full building repipe

▪ New windows ▪ New central HVAC

▪ New foundation reinforcement

▪ New conversion of select roofing into large exterior decks

▪ New walkways and handrails

▪ New sidewalks

▪ New 100-gallon commercial water heater

Please Contact Exclusive Listing Agents for Details