Description

Prime Investment Opportunity Near Downtown Los Angeles Located just minutes from Downtown Los Angeles, this multifamily property presents an exciting opportunity for investors seeking value in the heart of one of LA’s most dynamic and rapidly evolving urban markets. Public records reflect four (4) units, while the existing building is currently configured as five (5) units, according to the seller. The current configuration is reported to include four (4) 1-bedroom/1-bath units and one unpermitted (1) 1-bedroom/1-bath unit, rent is $807.23. The property is identified by the Assessor as a historically preserved building within the Pico-Union area and is being offered “As Is.” With its central location and proximity to major employment, entertainment, transportation, and redevelopment activity, this property offers tremendous potential for a savvy investor looking to capitalize on the continued growth and expansion of Downtown Los Angeles. Conveniently located near LA LIVE, Crypto.com Arena (formerly Staples Center), Downtown LA, public transportation, restaurants, and the 110 and 10 freeways, providing excellent access throughout Los Angeles. Drive-by only. Please do not disturb the tenants, as they are not aware that the property is currently being offered for sale. Buyer to independently verify all information with the City of Los Angeles, including the total number of legally permitted units, building square footage, zoning, permits, and other property-related information. Buyer and buyer’s agents are advised to conduct their own due diligence and satisfy themselves regarding the property’s current use and legal status.