60% upside in rents. west Adams 4 units. Excellent opportunity to remodel and raise rents to market upon vacancy. Property is fully occupied and subject to LA rent control. Actual comps in the area sold at higher prices. Great unit mix consisting of (one) 3 bedroom +2 bath, (two) 2bedroom + 1 bath, (one) 1 bedroom+1 bath.

New roof installed in 2014. Actual income $58,548. The property was built in 1964 and is set on a 4,802 sq ft (per assessor) lot. Separate gas and electric meters. 4 onsite parking spaces.


Anie Mayelian