7 Unit apartment building Located on a quiet street in the heart of the highly desirable Pico-Roberton neighborhood. Monthly gross income over $15,800 and current CAP rate is over 4.3%. Property has good upside with proforma CAP rate over 5.4%. 5 out of 7 units are extensively remodeled with recessed lighting, updated plumbing & electrical, new kitchen, bathrooms & floors! 1st phase of required soft story retrofitting being completed by Seller and engineer. Great unit mix consisting of four 1BD/1BA, two 2BD/1BA, and one 2BD/1.5BA. The property features charming architecture & strong curb appeal. Community amenities include on-site parking, on-site laundry X2, and over-sized storage lockers. Close to great restaurants, shops, parks, and places of worship. Nearby locations include Cedar Sinai Medical Center, Beverly Center, The Grove, Pacific Design Center, Sunset Strip and is close to the future extension of the Purple Line Metro. 1 unit will be delivered vacant (Remodeled 2 BD unit)
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