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$3,450,000price
Beds
11Total Baths
5,288Sqft

$350,000 PRICE REDUCTION! We are pleased to present The Selma Apartments. We believe the unique circumstances of the offering (DELIVERED FULLY VACANT & C-4 ZONING) allow for three distinct investment strategies. #1 - Asset Conversion Play - The Selma Apartments offer a opportunity for an investor to reposition the asset and convert it into an assortment of uses. The property is zoned C-4, allowing it to be converted into a number of possibilities, including but not limited to: office, medical and retail space as well as hospitality, to name a few (buyer to verify). #2 - Multi-Family Apartment Play - The property will be delivered fully vacant. The vacancy allows for a unique opportunity for an investor to renovate and rebrand the property and bring all units to market rent. #3 - Development Play - Zoned LAC4, this parcel presents a promising opportunity for a developer to build, by right, 15 apartment or condo units in a very dense rental pocket of Hollywood (buyer to verify).

Listing Details

Essential Information

MLS® #: 17240432
Price: $3,450,000
Bathrooms: 11.00
Square Footage: 5,288
Year Built: 1959
Type: Income
Status: Back Up Offer

Community Information

Address: 6753 Selma Ave
Area: Hollywood (C20)
City: Los Angeles (City)
County: Los Angeles
State: CA
Country: UNITED STATES OF AMERICA
Zip Code: 90028

Amenities

Parking Spaces: 10

Interior

Interior Features: Other
Heating: Wall Gas
Cooling: Window Unit(s)
# of Stories: 2

Additional Information

Date Listed: June 13th, 2017
Days on Market: 160
Zoning: LAC4
HOA Fees: 0.00

Financials

$/SqFt: $652
Listing Agent: Jonathan Prakash (01483131)
Listing Office: Keller Williams Silicon Beach
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Last updated on November 20th, 2017 at 9:17am PST