Incredible opportunity. Location ... location...... location!!! 10 units total 7 commercial units and 3residential units. All units could have rents raised to be more in line with pro forma. All rents will be raised as of February 1st.,2024. Amazing and desirable area, only 5 minutes from Downtown LA, China town, Little Tokyo, the Arts District, Disney music hall, fashion District, crypto center, including some of most exclusive dining options and entertainment in all Cali. Easy access to the 10 freeway, 60 freeway, 5 freeway, and 110 freeway as well. All tenants are long standing
tenants and all are current with the rent. No tenants were lost during COVID era. All residential units are spacious and 2 have been recently remodeled with exception of 1. All windows upstairs for residential units have been recently replaced with dual pane windows, plumbing has
been upgraded to copper on all lines leading into the units. All seven commercial units are very spacious with high ceilings, plenty of lighting, and independent restrooms (there is no rent control on commercial units in LA). Hurry property won't last.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/17/2024 @ 19:07
MLS: DW24009923
LISTED BY: Roberto Guerra Martinez, New Century Realty
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
