Description
22 units situated in a rapidly developing area, popular for entertainment and close to SoFi Stadium, The Kia Forum, and Hollywood Park just 1.5-2 miles away! Located in an unincorporated area of Los Angeles, NOT subject to rent control. With some TLC and additional upgrades, the new owner can bring this building to market rents and potentially add 4 ADUs (buyer to verify), resulting in a combined gross income of over $550k per year. The property has been updated within the last 5 years and now boasts newer roofs, sewer lines, double-pane windows, water heaters, gutters, and central air/heat. Additionally, 18 of the 22 units feature new kitchens and some with updated baths. The property is currently fully occupied and gated parking, including 32 spots, is available. This property presents an ideal investment opportunity in a sought-after location, with high potential for rental income growth.
Location
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