This 18 unit, (2 non-conforming units), apt building located in LaFayette Square. This Mid City location not only offers close proximity to Hollywood, Koreatown, and DTLA, but also easy access to Metro lines and major freeways. Built in 1931, the property consists of (6) 1+1 units, (7) 1+1+Den units, (3) 2+1+Den, and (2) non-conforming studios (please see notes on Rent Roll). Recently updated with electrical upgrades, including new sub meters, the building is separately metered for gas and electric, as well as, boasts mostly copper plumbing and (6) parking spaces. The property does not currently have on-site laundry facilities, but provides an opportunity to install machines for additional monthly income. Located in an up and coming, densely populated rental market, this asset provides an investor the the opportunity to receive immediate cash flow with an opportunity for further potential rental upside for a low price per unit and higher cap rate than most current on market deals.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
