Property is in a high demand rental area. Total 11 units, 8 separate buildings on an over 18,000 sqft RD3 zoning lot with redevelopment possibility. 3 units of 2 beds and 1 bath, 8 units of 1 bed and 1 bath. 6.54% cap rate. Good stable rental income with long term tenants, rarely turnover occurred in these several years. Updated electrical panel system. Separate electrical meters, separate gas meters, and individual water heaters. Owner only pays water, sewer, trash, insurance, and property tax. Though it is in a rent control area, the rent can be increased 3% per year. Property certified by Los Angeles Building and Safety Department and Los Angeles Housing Authority Department. Property is only a few minutes away from Downtown Los Angeles, near Dodger Stadium and China Town. Seller is retiring and motivated.
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