Investment Overview

Offered for the first time in more than 38 years, this rare investment opportunity sits on a double lot and benefits from no on-site manager requirement. The property features an attractive unit mix consisting entirely of studio and one-bedroom units, with spacious floor plans averaging approximately 658 square feet each. Select units offer private balconies and city views, while a large private rear yard provides additional tenant appeal. Investors have the opportunity to capitalize on approximately 53% rental upside, supported by separately metered gas and electric utilities, tenant-paid trash service, and individual water heaters for each unit. The property also includes 12 on-site parking spaces within six covered garages equipped with automatic openers. Situated on a substantial 17,303-square-foot LAR3-zoned lot, this offering presents a compelling combination of in-place income, operational efficiencies, and long-term redevelopment or value-add potential in a sought-after Los Angeles location.