222 Roselake Avenue is a 10-unit, two story complex built on the corner of W. Court St. & Roselake Ave. just south of Temple and west of Alvarado St. between Echo Park and Rampart Village. There are 8 parking spaces. The area is red hot and improving with new construction underway across the street. The building was originally built in 1965 and is separately metered for both gas and electric. Tenants also pay for trash. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.
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