Property Description

We are pleased to present this (5) Unit Apartment Building in South Los Angeles. This offering sits on 6,750 SF of Land and represents an excellent Development Opportunity with its favorable LAC2 Zoning and Tier 1 TOC Density Bonus, allowing investors to build as many as 25 units on the lot. The building features a Unit Mix of (1) 2 Bed/1 Bath Unit and (4) 1 Bed/1 Bath Units. Its convenient layout offers each of its tenants (1) Assigned Parking space, enough room for comfortable ingress/egress, and an elongated driveway for additional guest parking. From a financial standpoint, this property represents an exceptional Value-Add opportunity with a Rent Upside of 63% based on Current-In Place Rents. Located near the 110 and 105 Freeways, the building offers easy access to all areas in and out of Los Angeles and the vast employment opportunities therein. Most importantly, the property is located within 5 miles to the bustling development and employment hub of Downtown LA. Downtown is already responsible for nearly 500,000 jobs and, with new projects continuing to break ground, this submarket will continue to be one of its main beneficiaries.