Add-Value property. Actual Gross Annual Income - $141,171. This property was built as a hotel/motel and was converted years ago into an eight units apartment building, however some of the layout of a motel is still there. The zoning does not allow a motel anymore on this property. This cash cow is located in a changing area - south of Korea Town and north of USC. The current owner remodeled some of the units and re-stucco the front. In addition he increased the income significantly, although there is still room to add value. If you have any question, feel free to call the listing agent.
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