The Growth Investment Group is proud to present 316 N Bixel Street- a timeless, exceptionally located 8-unit multifamily apartment. The property is Downtown Los Angeles adjacent, only 1.5 Miles to Disney Concert Hall and within close proximity to the Staples Center. It is located within the Westlake area of Los Angeles, just south of Echo Park and Silver Lake and east of Koreatown. This area has massive upside and major retail and residential developments are already in progress.
This city has spent millions of dollars on a recent project a few blocks away from the subject property; including Vista Hermosa Park- a 10 acre park developed by the Santa Monica Conservancy with views of Downtown Los Angeles- another micro park, and a year round Aquatic center.
This trophy property is a classic 1910s building that any artist would love to call their home. It has been recently upgraded, but still maintains its charming character. Several units have been tastefully upgraded with brand new tiles, granite counter tops, brick façade on the walls, double pane windows and window treatments. Newly installed appliances include stainless steel appliances and a new refrigerator. Each unit is separately metered for electricity and gas, has individual water heaters, windows A/C, and dual pane windows throughout. Recent capital improvements include iron fencing, security cameras, electrical and plumbing updates, new flooring, and roofing seal.
1,500 luxury and retail units are being developed on over 9 acres a few blocks away that will completely change the area right on Temple and Baudry. The area has an additional 500 units that are almost finished a few blocks away. Several properties are already getting high rents close by- clearly this is the new Downtown West! This property has a high Walk Score of 92 out of 100. It is close to public transportation and walking distance to hundreds of restaurants and attractions with many more on the way.