We are is pleased to present this excellent residential income opportunity in the heart of Los Angeles. The subject property consists of 2 buildings with approximately 4,666 SF of improvements which sit on a 8,684 SF C-2 LOT. The subject property features a total of 5 units with a bonus manager’s office. The offering features 6 surface parking spaces and 3 covered parking spaces. There are 2 storage units that are being rented to outside tenants. There is additional income being generated from a billboard and a sign. The property is well secured and has established tenancies. Some units have been remodeled and exhibit true pride in ownership. Most units have been updated throughout the years and are ready for Section 8 or any type of tenant(s). All units have their own water heater and are separately metered for water and power. The windows have been replaced recently on both buildings. There is additional attic space that can be used for storage. 2 units can be delivered empty. There are 75’ of frontage along Slauson Blvd. and one point of ingress/egress. The property next door is also available for purchase. This turn-key investment opportunity will suit an investor looking true upside in rents or an excellent development opportunity.
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