Tremendous upside potential with this fourplex in red hot Northeast LA near trendy Highland Park, Atwater Village, and Mt. Washington. This property is subject to the Los Angeles Rent Stabilization Ordinance (RSO) and will be delivered fully occupied. All tenants are month-to-month. The property consists of two structures, each with two units. The 1921 front structure measures 870 sq ft (per assessor) and consists of two 1-bedroom, 1 bath units with rents of $955 and $926. The 1957 rear structure measures 1,380 sq ft (per assessor) and is comprised of two 2-bedroom, 1 bath units with rents of $1054 and $926. There are four parking spaces in the rear of the property. Units are separately metered for electricity and gas. Landlord pays water. Within a two-mile radius, the average household income is $87,598, median age is 36, and 59% of households rent -- a rich pool of rental prospects. The property is ideally situated near freeways, eateries, services, and a short distance from Dodger Stadium and Downtown LA.
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