Asking Price: $5,500,000

SUBSTANTIAL PRICE ADJUSTMENT!!! This spectacular historic property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936.