We are pleased to present for sale 2200 West 14th Street, a 12-unit multifamily property with approximately 8,536 square feet of improvements on a approximately 7,874 square foot parcel of land. West 14th Street offers a rare unit mix of all 1-bedroom and 1-bathroom units, ideal for the local rental market. The property is efficiently designed as a two-story walk-up with individually metered electric and gas utilities, and individual water heaters in each unit. The 1951-construction property has been absentee managed and offers investors 62% upside potential in rental income, and the ability to take advantage of rapidly improving demographics and ongoing local gentrification. There is currently significant investor demand and interest in the Pico-Union neighborhood, both because of the supply-constrained market and as a result of major development in the nearby South Park neighborhood of Downtown Los Angeles.
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