We are pleased to present this 17 unit offering in a great mid-city location of Los Angeles. The building has an excellent unit mix consisting of (5) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Single / 1 Bath units. The units are spread out across 11,472 square feet of gross leasable area, on a large 14,000 square foot lot that is zoned LARD1.5. It was built in 1963 and is subject to LA RSO. There is an interior courtyard with plentiful parking in both the front and the rear of the building and it is secured with gated entry. With great in place cash flow, the opportunity also offers significant rental upside for a future investor.
The subject property is well situated in the Mid-City of Los Angeles, surrounded by tremendous growth and developments in the recent past. Located just south of the Mid-Town Crossing and a short distance from a new development that includes Sprouts Farmers Market, Target and Michael’s. The area has also benefited from entertainment options such as new and high end restaurants like N/Soto, just around the corner. With plenty of shopping, dining and entertainment options, current and future tenants in the subject property are able to capitalize on an abundance of local amenities.
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