Description

Value-add opportunity with three vacant units. Amazing investment opportunity in the heart of Historic Filipino Town (HiFi)! This fully renovated, turnkey 5-unit apartment complex offers an exceptional value-add opportunity with three vacant units ready for immediate lease-up at potential Section 8 rental rates. Projections are based on Section 8 voucher amounts and rents from two occupied units. Potential buyers to conduct their own rent estimates to arrive at their own opinion of value. The property features an attractive unit mix of two 2-bedroom/1-bath units, two 3-bedroom/1.5-bath units, and one spacious 3-bedroom/2-bath unit. Each residence is thoughtfully updated and includes a stove, refrigerator, dishwasher, and in-unit stackable washer and dryer, central air and heat, making it highly desirable for today's tenants. Ideally situated just minutes from Silver Lake, Echo Park, Downtown Los Angeles, MacArthur Park, Lafayette Park, and the vibrant Beverly Boulevard corridor, this location provides outstanding access to shopping, dining, entertainment, and employment centers. Commuters will appreciate the close proximity to the Metro B (Red) and D (Purple) Lines as well as convenient access to the 101 and 110 Freeways. The property also includes 10 on-site parking spaces, offering the potential to generate additional income through parking rentals. 5 covered garage spaces are able to fit a small car, or used as storage spaces. Another 5 uncovered spaces offer the potential to generate additional income through rentals. Whether you're completing a 1031 exchange, expanding your portfolio, or seeking a stabilized asset with immediate upside, this rare opportunity combines strong cash-flow potential, renovated improvements, and a prime central Los Angeles location. Investors won't want to miss this one!