Location! Location! Location! Own a condominium near Downtown Los Angeles for this unbelieveable price! A 1923 construction with 94 units total. The property was converted to condominiums in August 2011 and it's professionally managed by Harris Property. The HOA is not approved for FHA, but the HOA is in great shape financially with over $260k in reserves. There is no on-site parking for this building. Everyone parks on the street or some people use the paid parking lot 1 block away. This is a great starter investment! Easy to manage and easy to find renter. Few blocks away from Staple Center, LA Live, 1.5 miles from USC, near Loyola. HOA pays all utilities: Power, gas, water, heat, trash, hot-water, property insurance, wifi in common area, elevator maintenance, on-site maintenance worker, exercise room and landscaping.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
