20 Mar 12 Units Miracle Mile Sold and in Escrow

JUST SOLD AND IN ESCROW

2 PROPERTIES IN MIRACLE MILE

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Just Sold for $2,850,000

6 UNITS IN MIRACLE MILE ON A LARGE LOT ZONED R4

744 S Ridgeley Drive, Los Angeles, CA 90036

• $457,000/unit
• $474/sqft
• 22.92 GRM
• 2.30% cap

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In Escrow!

6 UNITS IN MIRACLE MILE

637 S Burnside, Los Angeles, CA 90036

• Prime Miracle Mile location – Walking distance to LACMA
• Approximately 7,800 Sq. Ft. Lot zoned LAR4!
• Development potential to build 12 units “by right”
• Almost 25% upside in rents!
• Separately metered for gas & electricity
• Many units have upgraded kitchens and bathroom
• All units have hardwood floors
• 6 carport parking spaces (1 per unit)$457,000/unit

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