4407 Ambrose Avenue consists of 10 beautiful units ideally located in the most high profile and walkable area of prestigious Los Feliz. The property was built in 1988, and as such, is NOT subject to the City of Los Angeles' Rent Stabilization Ordinance (AB1482 applies). The building consists of two floors of residential units over one level of gated parking (exempt from seismic soft story retrofit). The incredible unit mix consists of two 3-bedroom, 2-bath units and eight very large 1-bedroom, 1-bath units. Many interiors have been luxuriously updated with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure intercom entry, balconies (select units), a landscaped central area, an onsite laundry room (machines owned by the Seller), and ample gated parking (12 spaces for 10 units). Interiors feature central HV/AC, large bedrooms, walk-in closets, minimum 9 foot ceilings (most units), and dynamite floor plans flooded with natural light. Several upper floor units also have incredibly high vaulted ceilings. This property is only one block from Hillhurst Avenue, the epicenter of Los Feliz and home to fine dining and retail establishments. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset located in one of the best rental locations in all of Los Angeles.