Location! Location! Location! Own a condominium near Downtown Los Angeles for this unbelievable price! A 1923 brick 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/VA, 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 try the paid parking lot 1 block away. This is a great starter investment! Easy to manage and easy to find renter. Similar unit rents for $800 - $875/mo. Few blocks away from Staple Center, LA Live, 1.5 miles from USC, near Loyola. Great for college students and young-professionals that work in LA or Downtown.HOA pays all utilities: Power, gas, water, heat, trash, hot-water, property insurance, wifi internet (in common area), elevator maintenance, on-site maintenance worker, exercise room and landscaping.Upgraded electrical panel, stainless-steel refrigerator is included with purchase. This unit comes with a working dishwasher and A/C...Rare.
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