This 6 unit apartment building, located in Los Angeles' Pico-Union neighborhood, just a few blocks south of Koreatown. This densely populated, mostly immigrant neighborhood is showing signs of gentrification and has been previously rated by Business Week as one of the top ten fastest appreciating and best buys in the country for real estate. Built in 1962, this 2-story, wood-frame stucco building consists of (4) 1+1's and (2) 2+2's. Separately metered for gas and electric, the property also features mostly copper plumbing, on-site laundry facilities, as well as, on-site parking, 6 spaces (5 carports, 1 uncovered). This an excellent true-value-add opportunity for an investor to acquire an asset in an up-an-coming area with significant rental upside.
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