Classic Mid City apartment building adjacent to Country Club Park and Koreatown. It is an incredible two-story 10-unit building with a varied unit mix (two 2Br/1Ba, four 1Br/1BA, and four Studio units). This property also has upside potential on the rental rates. The current cap rate is 4.31% with a Pro Forma cap rate of 5.01%. The area is desirable and has a low vacancy rate and dense population. It is close to all and an easy commute to Downtown, West LA, Beverly Hills, Hollywood or Silver Lake. The area is prime for development and is a great investment opportunity. Please do not disturb tenants or walk on property.
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