$3,000,000

The subject was originally an eight-unit apartment complex located at 7353 Comstock Avenue in the City of Whittier, Los Angeles County, California. The two-story improvement was built in 1956 of wood frame and stucco construction, were partially renovated in 2018. The building comprises 5,056 net rentable square feet situated on a 7001 square foot. The gross building area is about 5,176 square feet. Updated renovated items include: five of the subject unit interiors were renovated with paint, luxury vinyl planks, tile and carpet, renovated kitchens including new cabinets, granite or quartz counter, sinks, fixtures, tile showers surrounds, sinks fixtures, light fixtures window blinds and four new wall mounted AC units. The complex features a secured entry and common laundry. The current ownership has added two brand new ADUs to include 350 SF studios each and has completed the seismic retrofit of the tucked under parking spaces. Currently the property consists of eight 1-bedroom/1-bath plus two studios. Units D and H are corner units and each feature a private balcony. There are 12 parking spaces including 4 open, 4 tucked under and 4 Tandems. The subject property is situated on the west side of Comstock Avenue, just north of Mar Vista Street. While there is one parcel immediately south of the subject, at the northwest corner of Comstock Avenue and Mar Vista Street, it is city owned and comprised of a landscaped area and a sidewalk; therefore, the subject has direct visibility from Mar Vista Street. The location is about two miles southeast of San Gabriel River (605) Freeway. The subject neighborhood is generally bordered by Hadley Street to the north; Painter Avenue to the east; and Whittier boulevard to the south and west.