We are pleased to present this 32 unitoffering in the Westlake submarket of Los Angeles in close proximity toDowntown. The property features a great unit mix consisting of (22) Studio, 1Bath, (8) 1 Bed, 1 Bath, and (2) 2 Bed/1 Bath units. The unit mix is spread outover 17,364 square feet and sits on a 7,495 square foot lot and is zoned LAC2.The building is separately metered for gas and electricity. A future investorwill benefit from the upside in rental potential of approximately 45%. There’sadditional billboard income as well diversifying the income stream for thisinvestment.
The property benefits greatly from it’slocation as sits just west of Downtown Los Angeles, which has a massive resurgence over the past decade. Hosting a large number of LA’s eateries, bars,nightlife, the draw to renters has surged making the submarket a premiererental pocket. Additionally, Downtown Los Angeles continues to be an economichub and employment center putting 811 S. Union in an ideal location for rentersto capitalize on future growth.
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