The 70th Street Apartment is a five unit property that consists of all one-bedroom / one-bathroom units. The property is centrally located in the South Los Angeles area with proximity to Downtown and easy access to the 110 Freeway. Built in 1946, this property has been recently repaired and updated including new roof.The property is currently fully leased and no major deferred maintenance is necessary at this time. As such, it is very well maintained and managed and provides a turn-key investment opportunity with good cash flow.An on-site coin laundry facility not only provides extra income but also contributes low turnover of tenants. Four off street parking spaces also differentiates this property from others in the area.Also, this complex is situated in unincorporated Los Angeles County as opposed to Los Angeles City. As a result, this property is not subject to the Rental Stabilization Ordinance ( buyer to verify this information). With no rent control, rental increases in the future will be easier to obtain as the market conditions improve.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
