Anine (9) unit apartment opportunity located in the highly desirable submarket of Melrose Hill, adjacent to Koreatown and East Hollywood. Originally constructed in 1990, the property features a unit mix featuring 7-2/2 TH units and 2-3/2.5 TH units. These larges and spacious units are estimated to have 1,025 SF +/- for the 2 bedroom units, and 1,197 SF +/- for the 3 bedroom units. Units are individually metered for gas and electricity, water and sewer are the owner's responsibility. This is a long term value added opportunity for the patient investor to capitalize on approximately 54% +/- of rental upside. Presently, the property does not feature any laundry providing an opportunity for an investor to create value income by adding coin laundry or higher rents with in unit laundry. Property also features ample on-site secured parking and a master water heater. The owner has installed a new intercom system ($2,000) and new laminate flooring ($62,000) across the whole property.
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