We are pleased to offer for sale this thirty (30) unit multifamily investment opportunity located in the City of Los Angeles. This seismically reinforced three-story brick building was built on a raised foundation in 1913, with a square footage of 24,096 on a 7,151-square foot lot. The subject property represents a very desirable asset in the Downtown Los Angeles sub-market.
The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-one (21) studio units, nine (9) one-bedroom + one-bathroom units, and a 6,000 SF Basement (possible to lease for additional income).The subject property has twelve (12) vacant units, and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, and individually metered for gas and electricity.