Property Detail

Description

Excellent opportunity for an owner-user, investor, or developer near MacArthur Park and Downtown LA! This well-maintained property offers updated units featuring German laminate wood flooring, Italian tile, granite kitchen countertops, formal dining rooms, and spacious bedrooms with walk-in closets. Each unit includes mini-split AC systems and in-unit laundry hookups. The gated building is equipped with dual-pane windows, two 2-car garages, and completed earthquake retrofitting. Conveniently located just two blocks from Home Depot and close to shops and restaurants. Notably, tenants have not had a rent increase since 2020, adding significant upside potential! Expenses per year are: Taxes $16,000 | Water/Sewer/Sanitation $5,400 | Insurance $4500 | Gardener $1080.