Asking Price: $975,000

Building rentals are subject to an in-place covenant agreement with the City of West Hollywood. Units are reserved exclusively for Very Low, Low & Moderate income tenants only. Covenant agreement remains in effect for the entire useful life of the improvements. Building is located east of Fairfax Avenue, north of Santa Monica Blvd and south of Fountain Avenue. Subject property is a 2 story, 10-unit apartment building built in the late 1950's with one & two bedroom units. There are separate electric and gas meters, dishwashers in 2 units and 10 parking spaces (uncovered). This densely populated residential area is in the center of one of the most diverse & concentrated employment centers in all of the United States. West Hollywood is known for its world famous night life, restaurants, shopping boutiques and its high concentration of entertainment professionals.