This opportunity will not last! Subject Property is an eight (8) unit apartment building located in a very coveted area in Los Angeles County. The Subject Property currently has 6 vacant units that are boarded up and only two units are occupied.
The apartment building is situated on a large 17,552 SF lot zoned R4-2D CPIO. This investment provides multiple options for a real estate investor but will require renovations to command market rents for all units. An alternative would be to have a developer complete entitlements and conduct a major redevelopment.