We are pleased to offer this five (5) unit multifamily investment offering, located in the City of Los Angeles and subject to the rent stabilization ordinance. The subject property is constructed of wood frame and stucco in 1965, with approximately 4,804 rentable square feet on a 6,194 square foot lot. The asset is comprised of one two-story structure and the unit mix consists of two (2) 2+1 units and three (3) 3+1 units. Building amenities include new roof (2016), updated aluminum windows throughout, gated entry with a wrought iron gate, six (6) on-site parking spaces, an on-site laundry room w/ additional income (owned), and the building is separately metered for both gas and electricity. This property is subject to the City of LA Soft-Story Retrofit Program.
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