Detailed Introduction Of This Home
Pride of ownership property boasting 10 units with an excellent unit mix primarily consisting of spacious two-bedroom units. Property was fully renovated in 1998 and just recently have completed Soft Story Retrofit and legalizing the bachelor unit.
Amenities include on-site laundry facilities and ample parking for all tenants (18 tandem spaces).
**Strategically situated in an A+ location within an upscale community, residents enjoy easy access to an array of amenities including restaurants, shopping, and entertainment venues, all within walking distance.
This property offers excellent potential for increased rental income, as units turn over. Last 4% rent increase occurred in February 2024; property is subject to LA City Rent Control regulations.
Sold at nearly 5% Cap Rate on current income, this meticulously maintained property presents an excellent investment opportunity in a desirable location with both immediate income and future growth potential. OFFERING MEMORANDUM IS IN SUPPLEMENTS