Description

Exceptional owner-user and investment opportunity in the heart of Pico-Union! A well-maintained five-unit property offering strong income potential and long-term upside. The property consists of two separate buildings including a spacious three-bedroom single-family home and four one-bedroom units, creating a versatile layout ideal for both investors and owner-occupants. The property offers approximately 4,494 square feet of living space on a 7,947 square foot lot, along with six open parking spaces, a valuable amenity in this centrally located Los Angeles neighborhood. Ownership has made several key improvements over time, including upgraded electrical systems (service, main panel, and sub-panels), copper plumbing within the units, newer windows, and roof replacements, helping to reduce future capital expenses (buyer to verify and conduct their own due diligence). For investors, the property offers significant rental upside with strong projected returns and favorable investment metrics. In addition, private financing options may be available, providing flexibility for qualified buyers. Located in the vibrant Pico-Union neighborhood of Los Angeles, the property offers convenient access to Downtown LA, Koreatown, major freeways, shopping, dining, and employment centers!