This renovated 5-unit building offers a turnkey investment opportunity with fully remodeled units, allowing new ownership to generate strong cash flow from day one. With a 8% CAP Rate and a 7.7 GRM based on actual income, this property delivers both stability and performance. Situated on a prominent corner lot in Pico-Union, it provides excellent accessibility and is just a short drive to Downtown Los Angeles, making it highly attractive for tenants seeking convenience and urban living.
The property has undergone extensive upgrades with all new systems completed under permits, ensuring long-term value and peace of mind. Major improvements include a new roof, updated plumbing, and modernized electrical systems, significantly reducing future maintenance costs for new owners. This combination of prime location, strong financials, and low upkeep makes it a standout investment opportunity in one of LA’s most in-demand rental markets.