PRICE REDUCED! We are pleased to present for sale a 67 unit "SRO" style building located near the Arts District in Downtown LA. The property is a former Residential Hotel and is currently operating as an apartment building. SRO units = rooms with shared bathrooms, with 2 bathrooms on each floor. 14 units are currently vacant, which provides for an excellent VALUE-ADD opportunity with over 30% upside in rents! The property is 100% sprinklered and the plumbing has been updated. Potential for more units to be vacated prior to the close of escrow. Low price per door at $60,000/door. Property to be sold As-Is. Interior inspection subject to accepted offer. Contact agent for more details!
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