SALES PRICE

$6,750,000

Mid Wilshire / Miracle Mile

OFF MARKET

22 Newly Renovated Residences

Gutted Down to the Studs

22 Units

2026 Gut Renovation

Tier 4 SAFMR Section 8

18 Studios

3 One-Bedrooms

1 Two-Bedrooms

PartnersCRE is proud to present for sale this exquisitely renovated Off-Market 22 Unit Multi-Residential property.

Located in a highly desirable area of Mid-Wilshire, sitting at the intersection of Olympic Blvd. and Ridgeley Drive, this 8,840 SF building was built in 1963 but fully remodeled in the last year, with no expense spared!

Designated Tier 4 SAFMR Section 8, in a High TCAC Opportunity Area and sitting in a Difficult Development Area, and that is without considering the HPOZ, there is a very high barrier to entry here with limited upcoming supply.

The 18 Studios range from 110 to 204 SF, with Tier 4 Rents at $2,849.

The 3 One Bedrooms are around 450 SF, with Tier 4 Rents at $3,190.

The 1 Two Bedroom is around 884 SF, with Tier 4 Rents at $4,026.

This property is well suited for Affordable Housing Buyers, Mission-Driven Non-Profits, and (among others) Investors pursuing Project-Based Voucher contracts and/or acquisition-rehabilitation tax-credit financing! The property does not have a Covenant.

Only two units currently rented (with long-term tenants).

The building is walking distance to several hospitals and medical centers, about half a mile to Wilshire Blvd. and San Vicente, both with commercial areas. Walk Score calls the area Very Walkable with Good Transit, and Very Bikeable. There are 8 semi-subterranean parking spots.

Some of the many upgrades done to the building:

• Individual Energy-Efficient Mini-Split Heating and Air Conditioning Systems in Each Unit

• Fully Remodeled Kitchens with Modern Cabinetry, Stone/Quartz-style Countertops, and Stainless Steel Appliances

• Updated Bathrooms with Contemporary Fixtures and Tile Work

• New Ceramic Tile Flooring, Recessed LED Lighting, and Fresh Interior Finishes Throughout

• Modernized Electrical Panels and Updated Plumbing Fixtures

• Upgraded life-safety systems: Smoke/CO Detectors, Keyless Code/Card Access, Exterior Security Lighting

• Dedicated Laundry Facilities

• Full List of Upgrades Available

MatterPort Unit Walkthroughs

Studio
Link to Unit 101

One Bedroom
Link to Unit 107

One Bedroom
Link to Unit 108 

Two Bedroom
Link to Unit 109

Studio
Link to Unit 201

One Bedroom
Link to Unit 211

AGENTS

Dario Svidler

Kevin Daniali