The subject property is a 10-unit non-rent controlled multifamily property located in the City Terrace/East Los Angeles submarket. Because of its location within Unincorporated Los Angeles, the property is not subject to Los Angeles rent control. Constructed in 1930 amidst a Spanish Colonial Revival Period in Southern California architecture, the 7,474 square foot building distinguishes itself within the neighborhood with its Spanish tile roof, decorative wrought iron fencing, prevalent archways, and unique decorative accents. Several unit interiors have been renovated, including some combination of wood/tile flooring, new granite countertops, new recessed lighting, new cabinets, new fixtures, new windows, and upgraded bathrooms. Each of the units includes washer/ dryer hookups, a desirable amenity that often allows owners to charge premium rents.
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