1552 Hi Point is a 9 unit apartment building built in 1967 with a good unit mix, ample parking and a sizable lot. It is located in the highly desirable Pico/Fairfax area of Los Angeles. This location is very close to Miracle Mile, West Hollywood, Mid-City and Beverly Hills. It is a short drive from the Westside, Downtown Los Angeles and Hollywood.
Many newer small apartment buildings have been erected in this area in the past few years and there are several buildings currently under construction in close proximity. Higher rents in the immediate neighborhood create a unique value for the upside yet to be realized in this building. Building does have laundry with leased machines. This building is subject to the Los Angeles City Soft Story Retrofit and Rent Stabilization Ordinances.