329 N ALEXANDRIA AVE Los Angeles, CA 90004

Las Escaleras Apartments (located at 329 N.Alexandria Ave) is a charming Spanish bungalow-style property built in the 1920s which features five separate buildings on a 8,254-square-foot lot. With four studios and four one-bedroom/one-bath units, the character of the building -- including clay roof tiles, stucco exteriors, arched doorways and casement windows -- reinforces the old-world charm.The property sits perched on a hill, with many of the units offering sweeping views of Silverlake and Downtown LA. Las Escaleras is the ideal investment opportunity for all renovation-oriented buyers.The property will be delivered with four vacant units and possibly a fifth unit that is currently under eviction.That is a rare opportunity, especially in light of a potential Costa-Hawkins repeal that could permit vacancy control. CONTACT AGENT FOR COMPLETE OFFERING MEMORANDUM.