The subject property is 5,890 Sq. Ft., on a 6,494 Sq. Ft. lots (per the Tax Assessors), and is zoned for Boarding/Rooming House or Transient Lodging use. It has 29 rooms with a common hallway, and a community bathroom on each floor. Each room/ unit has approximately 175 Sq. Ft., with no kitchen or bathroom. Leases are on a month-to-month basis as there are no lease agreements. Ten of the units are occupied and are paying half rent ($150 & $175); (Occupied Units: 1,5,8,11,12,17,18,26,27,29). Presently, the property is in the Los Angeles Housing Rent Escrow Account Program (REAP). Extensive work is also being performed to correct all Health/ Safety code violations.
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