The subject property is a 6 unit multi-family investment located on the west side of the City of Los Angeles in the sub-market of Picfare Village. The building was built in 1931 in the popular "Hacienda" style architecture with fine, classic details. All units are 1+1 with front/back entrances, large French windows and doors, coved ceilings, ceramic tiled bathrooms and 6 single car garages. Laundry room onsite. The property is zoned R2 and is approximately 4,334, sq. ft. of building sitting on a 6,306 sq. ft. lot. The current owner has positioned this asset to allow for tremendous upside to the savvy investor by delivering 3 of the 6 units completely remodeled, two with added laundry facilities. Any vacant units will be projected at $2250 for each unit. The owner can set his/her market rate and proceed from Day 1 with a true cash flow operating investment in the highly valued WLA multi-family investment market.
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