Great Investment Property consisting of 9 rooms as a shared living quarter with an ADU with 2 additional rooms as a shared separate space. Each occupant has their own individual private room and bathroom. The back ADU has a shared bathroom for two people. The City of Los Angeles has taken on a bold initiative to assist those who are without a home and to provide them with one. This property presents such the opportunity with regards to this initiative. With rents being guaranteed thru PATH (People Assisting The Homeless), the property provides the opportunity for good income and at the same time provide housing for people who needs it. Rents are being paid on a monthly basis thru two organizations and are guaranteed by PATH per owner.
There are a total of nine separate rooms and bathrooms within the main house and an ADU unit in the rear of the property which will be divided into two living quarters with a shared bathroom and kitchen. Nine of the rooms are currently leased.